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China Halts Australia Economic Dialogue in Latest Retaliation
China Halts Australia Economic Dialogue in Latest Retaliation Bloomberg 2 hrs ago © Bloomberg Australia Economy Shrinks as End to Recession-Free Run Looms (Bloomberg) China announced that it was suspending a regular economic dialogue with Australia, in a largely symbolic move intended to signal Beijing’s growing frustration with Canberra. The National Development and Reform Commission said in a statement Thursday it was indefinitely halting all activities under the China-Australia Strategic Economic Dialogue. While the two sides have held three rounds of talks under the mechanism since 2014, it hasn’t convened since September 2017. The Australian dollar fell as much as 0.6% to 77 U.S. cents. The Australian Department of Foreign Affairs and Trade didn’t immediate respond to a request for comment.
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