Sino-Australian Relations and the Bumpy Road to the G7 Summit
Publication: China Brief Volume: 21 Issue: 10
May 21, 2021 01:07 PM
Age: 11 hours
Image: Australian Prime Minister Scott Morrison and Chinese Premier Li Keqiang met in Bangkok, Thailand ahead of the East Asian Summit in November 2019. Diplomatic relations, already tense over Australian concerns of Chinese influence in domestic politics and China’s defensiveness in response to Australia’s outspoken criticisms of Chinese human rights abuses, took a significant downturn in 2020. (Source: ABC).
Introduction
The Chinese-born Australian journalist Cheng Lei (成蕾) was formally arrested by the People’s Republic of China (PRC) in early February after having been detained for six months in Beijing. Her arrest was confirmed by the PRC on February 8, with Chinese foreign ministry spokesperson Wang Wenbin (汪文斌) stating that Cheng would face criminal charges for “illegally providing state secrets to foreign forces
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Australian Dollar Analysis: AUD/USD Gyrates Following Mixed Jobs Data
2021-05-20 02:00:00
Brendan Fagan,
AUD/USD, AU Employment Talking Points
Australian employment change comes in at -30,600 against a previous gain of 77,000
The Australian unemployment rate falls to 5.5%, however labor force participation also dropped
AUD/USD pushed lower Wednesday following a wave of risk-off sentiment across all asset classes
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Australian employment data largely disappointed on Thursday as total employment decreased by 30,600 jobs, against an expected gain of 15,000 jobs for April. Despite the miss, the country’s unemployment rate dropped to 5.5%, down 0.2% from March. Perhaps a green shoot in the reading was the gain in full-time employment, which grew in April by 33,800. Of note, the end of the domestic “JobKeeper” subsidy program will present a headwind to further significant employment gains. Experts labeled the program as a key factor in the sharp decline in Australi