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Break in Australia-China diplomatic relations unnerve ASX Lola Evans 06 May 2021, 17:39 GMT+10 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. The Australian All Ordinaries dropped 51.00 points or 0.69 percent to close at 7,293.20. 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 St ....
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China suspends economic dialogue mechanism with Australia as relations curdle Bilateral ties strained since 2018 when Australia became the first country to publicly ban Huawei from its 5G network Reuters May 06, 2021 Australian flag flutters in front of the Great Hall of the People during a welcoming ceremony for Australian Prime Minister Malcolm Turnbull (not in picture) in Beijing, China, April 14, 2016. PHOTO: REUTERS China “indefinitely” suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for their strained relations. 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, China s National Development and Reform Commission (NDRC) said in a short statement on the decision. ....
Australia’s Prime Minister Scott Morrison comments at a press conference in Sydney, Australia, Tuesday, April 27, 2021, after reports of a senior Australian security bureaucrat warned his staff that free nations ‘again hear the beating drums’ of war, as military tensions rise in the Asia-Pacific region. (AP Photo) BEIJING China’s state economic planner said on Thursday it has “indefinitely” suspended all activities under the China-Australia Strategic Economic Dialogue, amid strained relations between Beijing and Canberra. “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,” the National Development and Reform Commission said in a statement explaining the decision. ....
Advertisement Singapore: Beijing has cut off all diplomatic contact with the Australian government under the China-Australia Strategic Economic Dialogue, once a key channel of communication between the two countries. The move, announced by China’s National Development and Reform Commission on Thursday morning, will make the task of repairing already strained diplomatic relations even more difficult as it will block contact between key trade and economic officials at and below the ministerial level. China’s President Xi Jinping, Prime Minister Scott Morrison and Victorian Premier Daniel Andrews Credit:The Age The decision is the first major Chinese government response to the Morrison government’s cancellation of Victoria’s Belt and Road agreement in April. ....