China may bankroll Adani's Carmichael mine, statements show

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Move raises suggestions that any Australian government loan to Adani could effectively be subsidising the Chinese government

Adani’s proposed Carmichael coalmine may end up being bankrolled by the Chinese-state-owned enterprise China Machinery Engineering Corporation (CMEC), according to public statements.

The statements raise questions about the role of any potential Australian government loan through the Northern Australian Infrastructure Facility (Naif) or Efic, since it could, in effect, be subsidising a Chinese government enterprise and potentially come with requirements for supporting employment in China rather than Australia.

Related: The Adani problem will haunt Palaszczuk’s election campaign | John Quiggin

Related: Australian ministers write to China to confirm approval of Carmichael mine

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Source: china
Link : China may bankroll Adani’s Carmichael mine, statements show


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