As It Happened: PM Meets with Xi Jinping in Beijing; RBA Proposes Ban for Credit Card, Debit Card Surcharges
NORTHERN TERRITORY, AUSTRALIA, JUL 14 – Prime Minister Albanese insists on canceling the Chinese lease at Darwin Port to assert sovereignty amid security concerns despite potential Chinese countermeasures, officials said.
- On Tuesday, Prime Minister Anthony Albanese insisted he has 'a very clear position', dismissing Chinese concerns over Darwin Port's lease cancellation despite Beijing's dissatisfaction.
- Australia’s center-left government vowed, `that’s why we need to promote peace and security in the region,` Mr Albanese said, to justify opposing the lease cancellation.
- Warnings of “countermeasures” emerged, with a former state media propagandist-turned influencer warning, while Chinese officials are expected to express dissatisfaction over tearing up the lease, report adds.
- Amid talks in Beijing, Albanese says 'a very clear position' on Darwin Port lease, meeting with Premier Li Qiang aims to deliver new agreements, report adds.
- Looking ahead, experts noted warnings from Washington of a possible Taiwan invasion by 2027, while Professor James Curran dismisses economic coercion threats as 'laughable', report.
18 Articles
18 Articles
RBA proposes end to card surcharge & China GDP surprise
SBS Finance Editor Ricardo Gonçalves speaks with Jonathan Shead from State Street Investment Management about why China's economy is growing faster than expected despite global headwinds, plus the RBA's Michele Bullock on its proposal to end debit and credit card surcharges.
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- 58% of the sources lean Right
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