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Proterra Asia makes three investments in China s food sector

China-Australia relations deteriorate further following PNG spat

Share China has criticized what it called Australian interference in a Chinese fisheries investment in Papua New Guinea. The People’s Daily newspaper, the official paper of the Chinese Communist Party, printed what it said were comments made on Facebook by a Papua New Guinean official claiming Australia sought to get the island to withdraw from an agreement signed with Fujian Zhong Hong Yu Ye Co, a Chinese fishing company. The company had pledged an investment in a “comprehensive multifunctional fishery industrial park” in western Papua New Guinea. In a Facebook post, PNG Western Province Governor Taboi Awi Yoto took umbrage with a request from an Australian delegation that he said asked for the agreement with Zhong Hong to be abandoned.

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