China's unannounced long-range ballistic missile test over the Pacific on Tuesday could raise regional tensions and is likely to turn up the calls on Canberra to lift defense spending by more than what it already intends. Australian Prime Minister Anthony Albanese has indicated to Beijing his Labor government's concerns about China's unannounced missile test. It coincided with Australia advancing its diplomatic efforts with key Pacific nations this week. "We don't want to see any action that is destabilising or which undermines the peace, security and stability of the Pacific and the region," Albanese has told reporters. (james.glynn@wsj.com; X @JamesGlynnWSJ)
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China Missile Test Stokes Tensions With Australia — Market Talk
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China's unannounced long-range ballistic missile test over the Pacific on Tuesday could raise regional tensions and is likely to turn up the calls on Canberra to lift defense spending by more than what it already intends. Australian Prime Minister Anthony Albanese has indicated to Beijing his Labor…