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Australia Cancels Controversial Belt and Road Deal with China

21 Apr 2021 Australia tore up a set of agreements Wednesday linked to the contentious Belt and Road Initiative (BRI) with Beijing. The move is sure to provoke fury in China which has previously warned Canberra it will become the “poor white trash of Asia” unless it stops pushing back against the ruling Communist Party. Foreign Affairs Minister Marise Payne issued a statement to announce the two controversial BRI deals were among four cancelled under Australia’s new Foreign Arrangements Scheme. The cancellation was later confirmed by Australian government representatives posted overseas. Alongside other announcements, Australia has cancelled the Framework Agreement and the Memorandum of Understanding between the Government of Victoria and the People s Republic of China on the Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative.

China vows bigger contribution in helping poor countries, with an emphasis on profitable infrastructure projects

China vows ‘bigger contribution’ in helping poor countries, with an emphasis on profitable infrastructure projects China has deferred debt repayments worth US$1.3 billion for 23 countries as part of the Group of 20’s Debt Service Suspension Initiative Former central bank governor dismisses foreign ‘conspiracy theories’ involving a Chinese government plot

Over 4,000 to attend Boao Forum for Asia conference

Over 4,000 to attend Boao Forum for Asia conference
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