Australia has so far declined China’s offer to formally link the Northern Australia project to OBOR. But it risks losing out on trade and investment if the government doesn’t take a stronger approach.
Chinese premier Li Keqiang and Russian prime minister Dmitry Medvedev shake hands at a Shanghai Cooperation Organisation meeting, which will help facilitate transparent economic cooperation between Asian countries.
China Daily Information Corp/Reuters
China will have to play by international rules on transparency and accountability if it wants to secure its place as a leader for economic development in Asia.