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China’s stake in Australia’s largest coal export port questioned China’s stake in the Port of Newcastle has been questioned following recent changes to foreign investment laws. The port, which is the largest coal export port in the world, is operated by a company via a 98-year lease with the NSW government. That company is part-owned by the same Chinese state-owned corporation involved in Victoria’s Belt and Road Initiative an agreement scrapped by the Morrison government in April after it cited the arrangements as inconsistent with foreign policy. Nationals Queensland senator Susan McDonald asked the government during Senate estimates on Tuesday whether the $1.75 billion lease sold by the NSW government in 2014 would still be approved today “given the geopolitical environment”. ....
Former prime minister Malcolm Turnbull says there s little Australia can do to exit the Chinese freezer of punitive trade measures, and should instead continue to prioritise the protection of its sovereignty. But he also warned gratuitous belligerence towards Beijing was unhelpful, saying quiet diplomacy should win the day over slogans and media headlines. Mr Turnbull on Monday appeared at the Lowy Institute to launch a book on China by journalist Peter Hartcher, the same day that Australia and New Zealand sought in bilateral talks to project unity on China. Beijing has in the past 12 months launched a series of damaging trade strikes against Australia after Prime Minister Scott Morrison called for an independent inquiry into the origins of the coronavirus pandemic. ....
Wellington faces pressure from US, but shouldn’t sacrifice its interests: analysts Wang Cong and Fan Anqi Published: May 25, 2021 10:23 PM A man walks along a wharf in Wellington, capital of New Zealand, on September 22, 2020. Photo: Xinhua China s Foreign Ministry on Tuesday praised China-New Zealand bilateral relations based on mutual respect and interests and urged the country to shrug off external disruptions to jointly advance the relationship and expand areas of cooperation, after the New Zealand Foreign Minister reportedly warned of a potential storm in trade cooperation. The remarks from New Zealand Foreign Minister Nanaia Mahuta on Monday showed increasingly common anxiety among some small countries as the US continues to push for an ideology-based confrontation with China and reflected the mounting pressure and difficulties posed by the US-led clique for Wellington to pursue a balanced approach between major powers, Chinese analysts said. ....