Scott Morrison has described a Chinese company's $39billion plan to build a city on Australia's doorstep as 'speculative'. Scott Morrison has described a Chinese company's $39billion plan to build a city on Australia's doorstep as 'speculative'A Chinese company has lodged a proposal to build a $39billion city on Australia's doorstep, in a move that's likely to make Australian national security analysts nervous. Pictured: Chinese President Xi Jinping'We regularly discuss the various pressures in our region, and I think we're very much on the same page about those issues,' he said. Under the proposal for New Daru City, the Communist Party-backed firm would have total ownership of the venture for a designated period of time. In the case of PNG, the cost of building New Daru City would be $5billion above the entire nation's annual GDP.

Source: Daily Mail February 07, 2021 00:54 UTC