China and Australia signed today ten trade deals worth $10 billion, covering mostly energy and mining sectors.
The deals include the financing of several mining projects by China Development Bank, one of which is the financing of a $1.36 billion iron ore project.
Australian Prime Minister Kevin Rudd said after the signing ceremony that Chinese firms remain active partners with Australian resource companies.
Rudd's proposal to levy a 40% increase in resource tax is faced with backlash from miners. But Chinese firms' enthusiasm is not lessened as a result of the proposed increase.
The deals include the financing of several mining projects by China Development Bank, one of which is the financing of a $1.36 billion iron ore project.
Australian Prime Minister Kevin Rudd said after the signing ceremony that Chinese firms remain active partners with Australian resource companies.
Rudd's proposal to levy a 40% increase in resource tax is faced with backlash from miners. But Chinese firms' enthusiasm is not lessened as a result of the proposed increase.
