Labor believes Australia should be actively engaging China on its proposal for an Asian Infrastructure Investment Bank.

 

Of course, governance and transparency arrangements, as well as environmental, social, and labour matters will need to be worked through.

 

There is an enormous need for increased infrastructure investment in the Asia Pacific, and we welcome additional investment from China.

 

It’s clear from media reports that the Abbott Government is hopelessly divided on this issue.

 

These reports of division and dysfunction inside the Abbott Cabinet are extraordinary.

 

This is not how important economic decisions should be made.

 

The Prime Minister needs to show some leadership and pull his feuding Treasurer and Foreign Minister into line and immediately clarify the Government’s position.

 

The Government is continuing to seriously mismanage our economic relationship with China.

 

The Prime Minister, the Treasurer, and the Foreign Minister must immediately clarify the Government’s position.

 

FRIDAY, 31 OCTOBER 2014

 

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