China has indefinitely suspended all strategic economic talks under the China-Australia Strategic Economic Dialogue, blaming the Morrison Government s attitude towards the relationship.
Aussie stock investors bail after China clamps down on diplomacy
06 May 2021, 17:39 GMT+10
SYDNEY, NSW, Australia - A sharp deterioration in China-Australian relations took a toll on Australia s stock market on Thursday.
While other markets mostly rallied, Australian stocks and its currency came under heavy pressure after China cut a vital diplomatic bond between the two countries. Based on the current attitude of the Australian Commonwealth Government toward China-Australia cooperation, the National Development and Reform Commission of the People s Republic of China decides to indefinitely suspend all activities under the framework of the China-Australia Strategic Economic Dialogue, the commission said in a statement.
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Pic: Shutterstock The National Development and Reform Commission (NDRC) of China has announced that it has indefinitely suspended all activities under China-Australia Strategic Economic Dialogue. The economic dialogue is jointly held by the NDRC and relevant ministries of the Australian government. China holds such dialogues with foreign governments to discuss trade disputes. Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and ideological discrimination, NDRC said in its statement announcing the suspension of the dialogue.
Relations between Australia and China deteriorated after the former supported a probe into the origins of the coronavirus, which first appeared in Central China in late 2019. Subsequently, China blocked imports of most Australian goods last year.