In China and Australia today signed a value of more than 10 billion Australian dollars of commercial agreements, most of which related to energy and mining. Australian media reports that Australia once again that there is no proposal to levy taxes against the mining investment in China's enthusiasm.
China and Australia signed commercial agreements, including China Development Bank to finance several major mining projects in the agreement, including iron ore project development loans 1.36 billion.
Australian Prime Minister Kevin Rudd has proposed to charge 40% of the resources and profits tax proposal is facing strong pressure from the miners. In today's signing, he stressed today signed 10 bilateral agreements with seven of resources and energy industries.
"China is still active in all of our resources and partner companies." After the signing ceremony, Mr Rudd told reporters.
"It is very important that we should oppose corporate tax increases the fear and the current situation from different perspectives."
Miners threatened, if the introduction of the current form of taxation, they will be cut in the new project, 20 billion U.S. dollars. World's second largest iron ore producer Rio Tinto has said that Australia is now the world's largest country investment risk.
Australian mining industry has spent millions of dollars for advertising lobby, warning made by miners have lost the courage of public. At the end of this year before the election, opinion polls show that almost half of voters oppose the new tax increase.
However, foreign enterprises in China have not been scared by the schedule to impose resources which begin in mid-2012. China Development Bank today agreed to Australia's Gold will reach (Gindalbie Metals) and China Anshan iron ore project in Western Australia to provide 12 billion line of credit. The bank also signed for the West Pilbara Australia's iron ore project development funds to provide 3.45 billion U.S. dollars.