US EditionPublished • loading... • Updated
Australia Committed to Retaking Ownership of Darwin Port, Albanese Says ...
China threatens economic retaliation to protect Landbridge’s 99-year Darwin Port lease amid Australian government efforts to regain control for national security reasons.
- On Wednesday, Xiao Qian, Chinese ambassador to Australia, warned Beijing would be obliged to take measures if Landbridge's lease of Darwin Port is torn up, saying `we will see when it's time for us to say something, do something, to reflect the Chinese government's position and protect our Chinese company's legitimate interests`.
- During last year’s campaign, Prime Minister Anthony Albanese pledged to regain Darwin Port, which Landbridge secured in 2015 with a 99-year lease after paying A$506 million.
- Landbridge has invested heavily in Darwin Port, which returned a $9.6 million profit last year after a $37 million loss, and sits opposite the Larrakeyah Defence Precinct.
- Beijing signalled potential retaliation, saying `It has nothing to do with Australia`, Xiao Qian warned forcing Landbridge out could harm trade and investment with Chinese companies.
- He also warned there is 'no room for compromise' on Taiwan, and Xiao Qian framed the port dispute as a principle-driven issue, underscoring tensions in the Australia-China bilateral relationship.
Insights by Ground AI
64 Articles
64 Articles
China will take measures to protect its company's interests if Australia has taken strong control of the strategic port Darwin, in the north of the country, warned the Chinese ambassador to Canberra, quoted by AFP.
·Romania
Read Full Article
Watauga Democrat+30 Reposted by 30 other sources
China's ambassador warns Australia on buyback of key port
China will act to defend its companies' interests if Australia forcibly buys back control of the strategic northern port of Darwin, Beijing's ambassador has warned.
·Calhoun, United States
Read Full Article
Coverage Details
Total News Sources64
Leaning Left10Leaning Right10Center12Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
Factuality
To view factuality data please Upgrade to Premium
