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China indefinitely suspends key economic dialogue with Australia

China suspends key economic dialogue with Australia

China suspends key economic dialogue with Australia © Getty Images China has indefinitely suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries. Relations have been on the decline since Australia called for a probe into the origins of the virus and banned Huawei from building its 5G network. Last year, China imposed sanctions on Australian goods like wine and beef. In a statement on Thursday, a Chinese government commission accused Australia of having a Cold War mindset . Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and ideological discrimination, China s National Development and Reform Commission (NDRC) said in a statement.

Darwin review could be final blow to Chinese investment in Australia

Darwin review could be final blow to Chinese investment in Australia The Morrison government’s review of the 99-year lease of the Port of Darwin will further inflame tensions with Beijing at a time when Chinese investors are already heading for the hills. Save Share Australia’s decision to review the Port of Darwin lease could deliver a knockout blow to inbound Chinese investment, which has already slowed to a trickle due to bilateral tensions and a tighter rein on debt by Beijing. “The tap has not only been turned off. It has been well and truly dismantled,” one Shanghai-based lawyer advising Chinese companies on inbound Australia investment said on Monday.

The Middle East Times - International

The Middle East Times - International
mideast-times.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mideast-times.com Daily Mail and Mail on Sunday newspapers.

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