What is China up to? $$$
A high-tech Chinese research vessel has been detected mapping strategically important waters off the Western Australian coast where submarines are known to regularly transit.
Key points:
A Defence official said the ship was mapping waters used by Australian submarines to get to the South China Sea
A Border Force spokesperson said the Xiang Yang Hong 01 had stayed in international waters
In 2018, the Xiang Yang Hong 01 was found to be operating illegally within the Exclusive Economic Zone of Palau
In January and February, officials closely tracked the movements of the oceanographic ship as it conducted deepwater surveys in the Indian Ocean near Christmas Island and the Australian mainland.
Taken from Business Insider:
While not as large as it once was in percentage terms, the United States remains Australia’s largest source of FDI.
Japan comes in a distant second place with the UK rounding off the podium places in third.
While China is now Australia’s largest source of foreign investment per annum, its level of FDI is still only the fifth largest on the list, sitting behind the Netherlands.
“Collectively, these trends show that historically important economies such as the United States, Japan, and the United Kingdom continue to dominate the share of FDI into Australia. Emerging investor countries, especially China, are also becoming significant source countries,” the FIRB said.
“Foreign investment plays an important and beneficial role in the Australian economy because it helps drive economic growth, creates skilled jobs, improves access to overseas markets and enhances productivity.”
The United States Navy said on Friday that the littoral combat ship USS Montgomery and the replenishment ship USNS Cesar Chavez were sent to conduct a 'presence operation' in the South China Sea near a Panamanian-flagged drill ship West Capella. The drill ship is under contract to conduct surveying operations in an area of the South China Sea where Malaysia lays claims to maritime sovereignty. In recent weeks, the Chinese People Liberation Army Navy has also deployed warships to the region. This is the second time in the last month that US Navy ships have been sent to the area to to deter Chinese vessels who have been accused of harassing neighboring countries.
North America accounted for $32.8 billion worth of foreign investment in Australian real estate last financial year while China claimed investment worth just $6 billion.
Wake up dummies! Of course the Chinese are up to something. After all they have been allowed to buy most of Australia. Why is the Australian government allowing the Chinese to take over our country, is it for the mighty dollar? Hopefully the coronavirus can level the playing field and cut them down to size!