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James Laurenceson Minister for Women Marise Payne. After Australia’s foreign minister Marise Payne cancelled the Victorian state government’s memorandum of understanding to participate in China’s “Belt and Road” global infrastructure initiative a fortnight ago, she said she didn’t expect retaliation from Beijing. That was always a hopeful message for a domestic audience. Last week the Chinese government “indefinitely suspended all activities” with Australia under a framework called the China-Australia Strategic Economic Dialogue. China’s foreign ministry also warned Australia “not to walk further on the wrong path”. The Chinese embassy had warned Payne’s “unreasonable and provocative” decision was “bound to bring further damage to bilateral relations”. It was right. ....
Australian Ministers Open for Talks After Beijing Axes Economic Dialogue Platform Trade Minister Dan Tehan has expressed disappointment at the suspension of high-level economic dialogue by the Chinese Communist Party (CCP), stressing that the Australian government is always open for talks to resume. On Thursday, the CCP “indefinitely” suspended all future activities under the China-Australia Strategic Economic Dialogue, following last month’s termination of the Belt and Road Initiative (BRI) arrangements by Foreign Minister Marise Payne. Tehan told Channel Seven on Friday, “We want to have a dialogue with China; we want to be able to work through our differences.” ....
Introduction Over the last decade or so it seems geopolitical risk has become of greater significance for investors – particularly with the 2016 Brexit vote and Donald Trump’s election, and tensions with China from 2018. However, beyond lots of noise around President Trump and the US election, geopolitical risk took a back seat for most of the last year in terms of relevance for global investment markets as coronavirus dominated. But, after a period of relative calm following the handover to President Biden, there is a growing risk that it may make a bit of a comeback with tensions building in a number of areas. ....
That was always a hopeful message for a domestic audience. Yesterday the Chinese government “indefinitely suspended all activities” with Australia under a framework called the China-Australia Strategic Economic Dialogue. China’s foreign ministry also warned Australia “not to walk further on the wrong path”. The Chinese embassy had warned Payne’s “unreasonable and provocative” decision was “bound to bring further damage to bilateral relations”. It was right. Why would China let Australia off the hook? It hasn’t shied away from retaliating against actions by the United States. Nor from punishing Australia by restricting imports of barley, beef, lobsters, wine and wood (though not iron ore). ....