Free Trial

MNI BRIEF: China To Suspend Economic Dialogue With Australia

BEIJING (MNI)

China will indefinitely suspend all activity under the China-Australia Strategic Economic Dialogue following Canberra's increasingly hawkish tone, the National Development and Reform Commission said in a statement on its website.

Some Australian officials have launched a series of measures to disrupt normal exchange and cooperation between China and Australia out of Cold War mind set and ideological discrimination, the NDRC said.

Ties between the two countries have deteriorated with Canberra cancelling a pact between Victoria state and China's Belt and Road Initiative in April. More recently, Australian Prime Minister Scott Morrison said he would act if national security concerns were raised about the lease of Darwin port by Chinese company Landbridge.

MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
True
MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.