Wood Mackenzie s Yanting Zhou believes the political dispute will âdiscourageâ Chinese investment in Australiaâs natural resource sectors â an area that makes up a large chunk of the nationâs economy
The SED has been used to encourage investment and ease trade talks between the countryâs since it was formed in 2014 (Credit: Shutterstock/Aritra Deb)
China has announced the âindefinite suspensionâ of all activities under its Strategic Economic Dialogue (SED) with Australia â but what could this action mean for the energy industry?
The announcement comes as no surprise to many, as relations have been strained between the nations after Canberra last year called for an inquiry into the origin of the coronavirus pandemic, which first broke out in the Chinese city of Wuhan in December 2019.