âQuite shockedâ: Defence give secrets to China Department of Defence secrets have now been signed over to a China-owned data storage centre despite security fears.
Politics by Charles Miranda
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Subscriber only Defence has signed over the storage of its secrets to a Chinese-owned company in defiance of apparent orders from the federal government that the millions of sensitive real-time files be urgently moved out. For years, data storage firm Global Switch has been tasked with storing the nation s military secrets at facilities in Ultimo in inner Sydney but that was to change when in 2016 the London-based parent company Aldersgate Investments sold a 49 per cent stake to a Chinese data tech consortium.
About 15 Chinese Belt and Road Initiative (BRI) projects worth over USD 2.4 billion ran into trouble last year, according to a London-based think tank report. The Overseas Development Institute (ODI) said in a report titled China navigates its Covid-19 recovery - outward investment appetite and implications for developing countries that the overall figure could be higher of all the setbacks to delays caused by the COVID-19 pandemic, South China Morning Post (SCMP) reported. According to the report, China Export & Credit Insurance Corporation (Sinosure) was greatly frustrated by Zimbabwe s failure to pay a USD 10 million commitment fee for the Kunzvi Dam electricity project, contracted to Sinohydro. The report said the Zimbabwean government was understood to already owe a substantial debt to Sinosure.
COVID-19 affected China s BRI projects in 2020: Report sierraleonetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sierraleonetimes.com Daily Mail and Mail on Sunday newspapers.
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Covid-19, funding concerns hit China’s belt and road projects Jevans Nyabiage Zimbabwe’s Kunzvi Dam electricity project was one of about 15 under China’s Belt and Road Initiative to run into difficulties last year. Photo: Handout
About 15 Chinese Belt and Road Initiative projects worth more than US$2.4 billion ran into trouble last year, including a US$680 million electricity project in Zimbabwe, according to a think tank report.
The London-based Overseas Development Institute (ODI) said the overall figure could be higher, with some of the affected projects yet to be assigned a value, and attributed some - but not all - of the setbacks to delays caused by the Covid-19 pandemic.