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We're concerned that the consequences of entering into some of these financing arrangements will be detrimental to their long-term sovereignty, we want to ensure that they retain their sovereignty, that they have sustainable economies and that they are not trapped into unsustainable debt outcomes. The trap can then be a debt-for-equity swap and they have lost their sovereignty.
President Xi (Jinping) said in Washington last year that China did not intend to militarize the islands and we certainly hold China to that and that's been reiterated to me, in the case of the surface-to-air missile claim, that's disputed by China. We raised the matter and we've had a discussion about it.
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