Australian government to drastically lower foreign investment thresholds as bargaining chip against China


Coalition tensions are growing, with the Nationals expected to insist on a lowering of foreign investment thresholds as Liberals push for them to be used as a bargaining chip with China. The Nationals partyroom meeting next Thursday is expected to endorse the lowering of the threshold for purchases of farmland from $248 million to $15m, … Continue reading Australian government to drastically lower foreign investment thresholds as bargaining chip against China

Australian Prime Minister says “Japan is our closest friend in Asia”


Tony Abbott has declared Japan Australia's "closest friend in Asia", elevating the former World War II aggressor past both China and Indonesia as he continued his regional charm offensive. Mr Abbott met the conservative Prime Minister Shinzo Abe on the sidelines of the 18-member East Asia Summit being held over two days in the tiny … Continue reading Australian Prime Minister says “Japan is our closest friend in Asia”