Tensions between Australia and China are increasing as both nations move to protect national interests.
China has taken another swing at Australia – this time in response to comments made about Beijing’s conflict with Taiwan.
Defence Minister Peter Dutton says that the conflict between Taiwan and China should not be “discounted”.
Dutton says Beijing is very clear about its reunification goal and people should be “realistic” about activity in the region – including the militarisation of bases across the nation.
China responded to these comments, saying Australia will need to adhere to the “One China Policy” if Australia-China relations are to progress and strengthen.
With Dutton predictably war mongering against China (on Anzac Day!!!) – hope everyone is enjoying their franking credits – which most didn't get anyway. #auspol
— Denise Shrivell #JaneCaro4Reason (@deniseshrivell) April 25, 2021
Chinese official, Wang Wenbin says Australia must “be cautious in its words and actions and refrain from sending any wrong signals to the secessionist forces of Taiwan independence”.
“We hope that Australia will fully understand the high sensitivity of the Taiwan issue, adhere to the One China principle, be cautious in its words and actions, refrain from sending any wrong signals to the secessionist forces of Taiwan independence.”
Last week, the Australian government cancelled two major infrastructure initiatives, which were negotiated between the state of Victoria and Beijing. This decision follows Beijing moving to block imports of coal and other goods over Australia’s calls to investigate the Covid-19 pandemic.
Australia’s Foreign Minister, Marise Payne is also reviewing more than 1,000 China-related deals, including a 99-year lease of the Port of Darwin in the country’s north.
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The Chinese property market is currently facing a crisis, with major developers like Evergrande and Country Garden experiencing significant financial challenges.
This alarming situation has garnered global attention due to its potential impact on the Chinese and international economies.
Evergrande, one of China’s largest property developers, has been struggling with a massive debt burden, exceeding $300 billion. This has raised concerns about the company’s ability to meet its financial obligations, causing a ripple effect across the property market. Country Garden, another prominent player in the industry, is also facing mounting debt pressures, further exacerbating the crisis.
The property market’s decline can be attributed to several factors, including government policies aimed at curbing excessive borrowing, a slowing economy, and a general shift towards more sustainable and affordable housing options.
These challenges have created uncertainty in the market, leading to a decrease in property sales and declining developer revenues.
The implications of this crisis extend beyond the property sector, with potential repercussions for the broader Chinese economy. #ticker today #featured
U.S. Secretary of State Antony Blinken will highlight the NATO alliance’s ongoing support for Ukraine in its war with Russia in Europe.
The war between Israel and Hamas and heightened tensions in the wider Middle East have raised concerns that Washington cannot sustain the level of military and diplomatic support it has given Ukraine since Russia’s February 2022 full-scale invasion.
Assistant Secretary of State for European and Eurasian Affairs James O’Brien also told reporters that Blinken, who departed on Monday for Brussels, will highlight the ongoing commitment of the United States and its allies as he takes part in the first foreign minister-level meeting of the NATO-Ukraine Council in Brussels.
“This is part of the process of finding a place in the alliance, which we’ve always said is Ukraine’s future,” he said. #featured