solomon islands chooses australia as its security partner of choice thank you for joining us on
kalkine tv we have some trending news to share with you my name's sage news of the solomon
islands military deal with china had raised more than just the eyebrows of the neighbouring western
countries with china's potential to increase its military presence in the pacific being categorized
as a high risk especially due to the agreement using language that permitted commandeering
from the chinese military to make ship visits it was reported by the guardian but pm sogavari has
reportedly denied the right for chinese to proceed with a military base in the solomon islands
which comes as a relief to australian national security officials as the solomon islands is
geographically located within two thousand kilometers of australia's eastern coastline
in a welcomed announcement the prime minister of the solomon islands has offered his assurance that
a chinese military base will never be built in his country he iterated that the national
security of the solomon islands and its peoples were his main concern and protecting them from
potential military strikes was his priority the deal with china has been denied on these bases
with the risk of the military deal subordinating the small island nation's regional safety
with the g20 summit only months away china-australia relations have come into focus
china's foreign minister mr wong li met australia's foreign minister penny wong in bali
in a sidelined meeting last friday 8th july both countries have amending relations on the agenda
with senator wong wanting harsh trade sanctions imposed on australia by china to be removed
china's foreign minister mr wong li was quoted saying the root cause of the difficulties in
chinese and australian relations in recent years lies in the insistence of previous australian
governments to treat china as an opponent and even a threat it was reported by the shepparton news
senator wong of australia was quoted saying in reply we both recognized it as a first step for
both our nations the newly appointed commonwealth labor foreign ministry had been campaigning
in the region throughout june with visits to new zealand and the pacific by pm albanese and foreign
minister penny wong senator wong in a media statement explained it had been her third visit
to the pacific since being sworn in as a federal cabinet member in may 2022 with the decision
made last week to allow the aboriginal flag to remain flying over sydney harbour bridge even
after the completion of nydoc week it is obvious that the current government have
amending relations with indigenous populations high on the agenda senator wong met with solomon
islands pm the honorary manasseh sogovari in june engaging the local community and women leaders in
discussions about pandemic recovery and economic development including shared security interests
the chinese military presence in the south china sea has increased so gradually over the years
it has almost gone unnoticed as a threat until recently when heavy-handed actions that
included naval ships entering australian waters near wa without announcement and
dangerous maneuvers being conducted by chinese air force pilots to australian jets setting off flares
have been reported both events have been denounced by australia's new pm albanese it was reported
by brent sadler a senior research fellow for the centre for national defence in theheritage.org on
the 3rd of june 2022 that to establish control of this sea the chinese in 2015 completed a massive
building campaign that produced an archipelago of fortified man-made island fortresses breaking
a promise to then president barack obama this is where the intentions of china's economic altruism
with its controversial belt and road initiative could be questioned will the mounting debt that
the smaller island nations like the solomons become so heavy that they are encumbered by china
if they allow more intervention it was reported by abc news today that during their first in-person
meeting australia's pm albanese and the solomon islands leader have hugged in a warm greeting in
fiji the political counterparts were in sideline meetings for the pacific islands forum currently
being held in the pacific region although tensions had increased between australia and the solomon
islands with talks of the possibility of a chinese military base on the island
they have been appeased with the prime minister manasseh sogovari's recent decision to deny the
chinese building a military base and securing australia as a security partner in the region
the chinese stock market has been volatile after reaching three month lows in march
with the zero tolerance covert strategy implementing full lockdowns in china with
the hang seng china enterprises index which tracks the chinese shares sinking close to 6.6 july 2022
however saw the csi 300 rally 19 after lockdowns were lifted although china's ev maker byd backed
by american billionaire warren buffett has been surging in sales increasing by 130 percent
even taking over tesla as the biggest producer of evs globally although the share price has
been volatile of late with news of buffett's share in the company is at present in contention china's
manufacturing industry is going through a phase of redevelopment focusing on upgrading their robots
and machines to be smarter with advances in ai technology thank you for joining us on this report
please keep watching kalkine tv for more market updates and expert talks this is sage signing off