by Beijing has axed a high-level channel for economic talks with Canberra, blasting Australian leaders for having a “Cold War mentality” after the country canceled two contracts linked to its Belt and Road project.In a harshly worded statement on Thursday, China’s economic planner, the National Development and Reform Commission, said the China-Australia Strategic Economic Dialogue would be paused indefinitely....While relations have been frosty for some time, halting the negotiation channel could spell further trouble for Canberra as it seeks to resolve trade disputes that affect billion in Australian exports, including in key industries such as coal, timber, seafood, wine and barley. As of March, trade between the two countries had dropped by 40% overall, compared to the period before
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Beijing has axed a high-level channel for economic talks with Canberra, blasting Australian leaders for having a “Cold War mentality” after the country canceled two contracts linked to its Belt and Road project.In a harshly worded statement on Thursday, China’s economic planner, the National Development and Reform Commission, said the China-Australia Strategic Economic Dialogue would be paused indefinitely....
While relations have been frosty for some time, halting the negotiation channel could spell further trouble for Canberra as it seeks to resolve trade disputes that affect $20 billion in Australian exports, including in key industries such as coal, timber, seafood, wine and barley. As of March, trade between the two countries had dropped by 40% overall, compared to the period before the commerce battle, with Beijing maintaining tariffs on a number of goods....
Import substitution.
RTChina suspends economic dialogue with Australia ‘indefinitely’ amid spat over Belt & Road Initiative