Australia: IS THERE ANY BENEFIT?

IS THERE ANY BENEFIT?

Mr Andrews promised the BRI would deliver jobs, investment and economic growth but on virtually any measure, it hasn’t delivered anything.

And Professor John Fitzgerald, a China expert at Swinburne University of Technology, is sceptical about any real benefit from the deal.

“The BRI does not appear to be helping with jobs, trade, or investment,” Prof Fitzgerald wrote in an article for The Mandarin.

Further, he said that by signing up, “Andrews has arguably placed his state in peril”.

“Although the BRI deal has brought little or no benefit to Victoria, the fact remains that once a government signs on to an agreement with Beijing, the consequences of reversing the agreement can be far worse than not signing on in the first place, ” Prof Fitzgerald wrote.

“In this sense, the premier has hung an albatross around the neck of his own and any future government of Victoria.”

https://www.news.com.au/finance/economy/australian-economy/inside-victorias-controversial-belt-and-road-initiative-deal-with-china/news-story/ff1aa7591be1931eda4f5155991ebe66

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