Australia BRI reversal brings warning on ties chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
National security experts and federal Labor have welcomed the Morrison government’s decision to tear up Victorian Premier Daniel Andrews’s Belt and Road agreement with the Chinese government, but warned there could be economic retaliation from Beijing.
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China has threatened retaliation over the federal governmentâs decision to cancel Victoriaâs Belt and Road agreement as the move secured support across the political and security spectrums in Australia.
But senior Australian officials who were not authorised to speak on the record said Australia was prepared to wear Chinaâs response given how the nation had survived the past year of economic coercion.
In the first official comments from the Chinese government since Wednesday nightâs decision, Chinese Foreign Ministry spokesman Wang Wenbin said the move would deepen tensions between Canberra and Beijing. Australia is the first country to have scrapped a signed BRI agreement.
China threatens Australia over Belt and Road reversal theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
China must wean itself off coal to meet climate goal
A US-China co-operation pledge on the environment has reaffirmed faith in Xi Jinpingâs 2060 carbon neutrality target, but reducing the countryâs reliance on coal remains a hurdle.
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Chinaâs commitment to carbon neutrality hinges on the worldâs second-largest economy weaning itself off an addiction to coal.
Analysts are more confident than ever that President Xi Jinping will make this happen following a landmark commitment at the weekend by Beijing and Washington to put aside their political differences on almost every other issue to co-operate on the environment.