Red alert: Warning as China eyes SA’s Flinders Port deal

A CHINESE corporation Landbridge that sparked a global diplomatic incident expressed interest in securing a stake in SA’s Flinders Ports, which controls a crucial Port Adelaide site near where the $50 billion future submarines will be built. The Advertiser can reveal retiring Trade and Investment Minister Martin Hamilton-Smith and SA Government bureaucrats met senior managers…

China eyes new Sydney airport as part of ‘belt and road’ plan

China is eyeing Sydney’s new airport as a potential project that could be linked to its trillion dollar “One Belt, One Road” infrastructure plan, according to a government-linked think tank. The interest in Sydney infrastructure follows Canberra’s decision to keep its $5 billion Northern Australia development plan separate from OBOR, despite a push from Beijing…

Aviation outrage over Chinese ownership of Merredin airport

Merredin airport in Western Australia is effectively under the control of a Chinese government enterprise, prompting outrage in aviation circles, as safety concerns shut down its pilot training school. The airport’s runways, control tower, hangars and all of its assets are 50 per cent owned, and may soon be fully owned, by China’s biggest airline,…

Adani scraps $2b Downer agreement after loan veto

Adani has scrapped a $2 billion agreement to outsource the operation of its controversial Queensland coal mine after the state government killed off a taxpayer-funded loan. Adani has blamed the Queensland government’s decision to kill off a taxpayer-funded loan for its decision to ditch a $2 billion agreement with a major contractor. But the Indian…

China blasts Australia over foreign interference laws

China has reacted furiously to proposed foreign interference laws, accusing the Australian Government of making “irresponsible” comments which have hurt “political mutual trust”. The Turnbull Government yesterday unveiled the biggest overhaul of espionage and intelligence laws in decades amid growing concerns over international interference in Australia’s democracy. In a terse statement issued on Wednesday, the…

Bindaree Beef wins $30 million court case against Chinese customer

Bindaree Beef’s Chinese government-owned partner in an export deal gone bad has been lashed as “lacking any commercial moral compass” and ordered to pay the Australian company more than $30 million in compensation. The deal between Bindaree and Chinatex, a Chinese state-owned corporation, was sealed in mid-2015 and was supposed to have seen Bindaree kill…

Dutton signs trade deal with China

Immigration Minister Peter Dutton has signed a Mutual Recognition Arrangement with China, in a move aimed at boosting trade between the two countries. Mr Dutton and Minister of China Customs Yu Guangzhou signed the agreement in Canberra today, enabling the countries’ customs and border protection departments to recognise each other’s Authorized Economic Operator programs. Australia…

China will finance Adani mine, insiders say, but it will cost Australian jobs

The Adani Group is close to securing finance for its controversial coal mine and railway project in outback Queensland, with an announcement expected in coming weeks that Chinese state-owned enterprises, banks, and export credit agencies are backing the venture. Australian taxpayers may be let off the hook under the deal, which could mean Adani no…

Foreign ownership surcharge could turn buyers away, agents warn

Foreign investment surcharge could turn buyers away from South Australia, agents warn Real estate agents specialising in overseas investors have warned the South Australian Government the way a new levy on foreign investment in residential property is being applied will damage the state’s reputation as a good place to invest. Treasurer Tom Koutsantonis last week…