Money

China suspends economic accord with Australia

FILE PHOTO: Staff members chat as they prepare a seminar of Australia China bilateral cooperation in resources and infrastructure in West Australia, in Beijing July 23, 2009. REUTERS/Jason Lee

China has indefinitely suspended all activities falling under the “Australia and China strategic economic dialogue”.

Australia’s strained relationship with China has gone from bad to worse… with Beijing cutting all diplomatic contact with Canberra under the China-Australia Strategic Economic Dialogue.

It’s set to make repairing diplomatic relations between the two countries even more difficult

The National Development and Reform Commission released a statement.. saying some Australian Government officials had launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia … describing it as a Cold War mindset.

Relations between the two countries deteriorated last year when Australia called for an international inquiry into the origins of the COVID-19 pandemic

Tensions escalated further when the Federal Government cancelled two deals struck by the state of Victoria with China as part of the Belt and Road Initiative.

Australia’s Trade Minister says he is disappointed that China has suspended the Strategic Economic Dialogue. 


Dan Tehan says Australia remains open to holding the dialogue and engaging at the ministerial level.

Up next
Media accountability and Trump’s political fallout put journalism under scrutiny

Media credibility and changing audience interests are putting journalism under the spotlight.

Read the story →
Ticker Today takes a daily view of the world of news, politics and business.With Ahron YoungWhisky & Suits explores law, property finance and business over fine whisky.With Imran Khan and Chris ChristofiThe Founders Method explores practical lessons and systems for entrepreneursWith Jonathan Byrt and Jesse LeeworthyThe Connector explores property and urban growth across Australia and the UK.With Belinda CoateThe Property Playbook delivers research-led insights for property investors.With Tim Graham and Terry RyderState of Hospitality explores the challenges facing Australia's hospitality.With Jeremy KoadlowBuying Power helps young professionals enter property and build lasting wealth.With Victor and Reshmi KumarThe Airport Economist explores global trade, business and economic outlooks.With Tim HarcourtMedia Movers explores the trends shaping Australia's media and global news.With James ManningBroker Business explores strategies to build, grow and sustain a business.With Rex AfrasiabiMoney Matters explores practical financial strategies to build lasting wealth.With Dr Steven EnticottBeyond Education explores the ideas and technology shaping future learning.With Greg CampitelliTicker Air explores the latest aviation news, travel trends and developments.With Ahron YoungEarly Years Dialogue explores the issues shaping Australia's early learning.With Paul MondoMarkets and Machines explores AI, regulation and trends shaping the markets.With Chris BergSocial Intelligence explores how social media and AI transform our daily lives.With Dr Karen SutherlandThe AI Edge explores how artificial intelligence reshapes the world economy.With Brad Gastwirth

More from Ticker

Watch

More in Money

View all →