Then it’s released late on a Sunday afternoon of Armistice Day, when frankly a lot of people are putting their attention elsewhere.”. Officially known as ‘One Belt, One Road’, China’s key foreign policy and economic strategy is more commonly referred to as the ‘Belt and Road Initiative’ (BRI). “I think the whole thing has been handled very badly. The Australian Strategic Policy Institute's Executive Director Peter Jennings is concerned about what China's plans really are. support economic growth in Victoria and in China deepen our understanding of each others' people and culture. However, the federal government has decided Australia will not take part due to concerns over China's plans to expand its power in the region and beyond. “Section 51 of the constitution sets out the roles and responsibilities of the federal government and that includes trade, foreign affairs, defence and a bunch of other activities. So, the Victorian government doing that will certainly raise some eyebrows around the world, but it does create a bit of tension or conflict with the federal government.”. The Liberal party's state treasury spokesman Michael O'Brien accused Mr Andrews of overstepping his powers. He told SBS News that he thinks “it was a mistake, frankly, for the Victorian government to sign up to this.”, “The Australian government clearly had concerns that such a deal would not be in the best interests of Australia. The ‘One Belt, One Road’ (OBOR) initiative is a foreign policy and economic strategy of the People’s Republic of China. And frankly, this amounts to a type of interference in Australia's political system.”. The Chinese government has been criticised for burdening some developing economies with large debts after they've signed up to the initiative. It’s been going on for over 40 years now To date, this $1.5 trillion Belt and Road Initiative has engaged 138 countries to sign on to the memorandum of understanding (MOU). Hong Kong billionaire who owns Victoria electricity power grid pays no tax for years ato losses 10s millions in revenue guess who payed the short fall ? The Belt and Road Initiative (BRI) is often subject of controversial debates. ASIO keeping tabs on state’s China deal | The Australian, China wants ‘new Silk Road’ One Belt One Road project to help it dominate world trade | ABC News, China’s ‘One Belt, One Road’: What has Victoria signed up to? Since beginning, the state has seen a dramatic surge in deals that have helped create a $10bn Chinese-Victorian export market, raising concerns over Chinese influence in Australia. Please select the editions you would like to sign up to. Supporters suggest that the initiative permits new infrastructure and economic aid to be provided to needy economies. Beijing drives a Belt and Road between Melbourne and Canberra 25 Oct 2019 | Michael Shoebridge The Chinese Communist Party leadership is using the decisions made by the premier of Victoria to engineer a split between the federal government and the states and territories on Chinese President Xi Jinping’s signature Belt and Road Initiative. As of January 2021, the number of countries that have joined the Belt and Road Initiative (BRI) by signing a Memorandum of Understanding (MoU) with China is 140*. Under a new process in Australia, Foreign Minister Marise Payne has the power to review deals reached with other nations by the country's states and universities. Post was not sent - check your email addresses! This extends beyond mere economic activity, however, and includes establishing a whole host of rules, from cultural exchange to the movement of people. The state's opposition treasurer Michael O'Brien said Victorians should've been consulted. 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