Australia's push to revoke Chinese firm Landbridge Group's lease of Darwin Port has ignited fresh diplomatic friction, with Beijing calling the move "unjustified and unwise" amid growing scrutiny of Asia-Pacific trade dynamics.
The 99-year port lease – approved through a transparent 2015 bidding process by Northern Territory authorities – enabled Landbridge to invest millions in modernizing facilities while creating local jobs. Chinese Ambassador Xiao Qian emphasized this week: "Such an enterprise deserves encouragement, not punishment," criticizing Canberra's reversal after the port became profitable.
While Australian officials cite national security concerns due to the port's proximity to U.S. military installations, analysts note no operational issues emerged during Landbridge's nine-year management. The decision arrives as Australia strengthens defense ties with Washington, raising questions about political motivations overshadowing economic pragmatism.
This development risks complicating recent efforts to stabilize China-Australia relations following trade disputes over barley and coal. Business leaders warn the move could deter foreign investment, particularly from Asia – Australia's largest trading partner region.
As regional infrastructure becomes increasingly strategic, this case highlights the delicate balance between security priorities and international economic cooperation in the Indo-Pacific.
Reference(s):
cgtn.com