After months of pressure, the federal government has stood up and refused to invest Canberra’s $5 billion infrastructure fund in China’s One Belt One Road strategy.
China’s plot is to invest $1 TRILLION in to key transport and energy projects across Asia to secure more economic influence over the continent – so Australian politicians have dealt them a real blow by refusing to further their goals with taxpayer dollars.
It is thought that the refusal to take part in the scheme will help in strengthening US-Australian relations, which are to be key if the federal government continues to fight against the Chinese buy-up of Australia.
“While non-democracies such as China can thrive when participating in the present system, an essential pillar of our preferred order is democratic community,” said foreign minister Julie Bishop in a speech in Singapore, while calling on US President Trump to do more in Asia to secure stability and peace.
The government is right to be wary over strategic Chinese investment in mainland Asia and Australia. Tensions have been high since the Chinese purchase of Darwin Port and China’s movements in the South China Sea.
Sign up for the latest news