Maybe, however, that's not as I understand it.
There are over 20 communist state run companies operating in PNG that have put it in a debt trap, and ASIO is worried. These no interest loans have happened throughout Southeast Asia, Africa and the South Pacific.
The last three governments failed to recognise this, and now we're scrambling.
- China Harbour Engineering Company (CHEC)
- China Civil Engineering Construction Corporation (CCECC)
- China Railway Engineering Corporation (CREC)
- China Railway Construction Corporation (CRCC/CRC)
- China Railway International (CRI)
- China Railway Construction Engineering Group
- China Overseas Engineering Company (COVEC)
- China Wuyi
- China Jiangsu International Economic and Technical Cooperation Group
- Guangdong Construction Engineering Company
- China Gezhouba Group
- CNBM Investment
- China Jiangxi International Economic and Technical Corporation
- Huawei
- Sinopec
- Metallurgical Corporation of China (MCC)
- Zijin Mining Group
- Zhongrun International Mining
- Xinfa Aurum Exploration
- China Construction Science and Industry Corporation (CCSIC)