Australia decides against canceling Chinese company's lease of strategically important port

The Australian government announced Friday it has decided not to cancel a Chinese company’s 99-year lease on strategically important Darwin Port despite U.S. concerns that the foreign control could be used to spy on its military forces.

“The only way to avoid this problem is not to have the lease in the first place and they should bite the bullet and get rid of it,” James added. Landbridge far outbid 32 other potential private investors with a 506 million Australian dollar offer for the aging infrastructure, the provincial government based in Darwin said at the time. A month after the deal was announced, then U.S.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia decides against canceling Chinese company's lease of strategically important portThe Australian government has decided against canceling a Chinese company’s 99-year lease on strategically important Darwin Port despite U.S. concerns that foreign control could be used to spy on its military.
Source: AP - 🏆 728. / 51 Read more »

Chinese chip equipment makers grab market share as US tightens curbsAs the U.S. tightens its restrictions on China's semiconductor industry, Chinese manufacturers of tools used to make chips are benefiting, with orders from the country's foundries accelerating in recent months.
Source: Reuters - 🏆 2. / 97 Read more »