- Analytics
- News and Tools
- Market News
- China-Australia relations are unlikely to be back on track soon - analyst
China-Australia relations are unlikely to be back on track soon - analyst
CNBC reports that according to one political expert, China-Australia ties won’t be getting back on track anytime soon..
James Laurenceson, director of the Australia-China Relations Institute at the University of Technology Sydney, described the strained relations between Canberra and Beijing as “complicated.”
“I see no prospects on the horizon for this relationship to get back on track,” he told, adding both sides are blaming each other for the breakdown in dialogue.
The National Development and Reform Commission, China’s economic planning agency, announced Thursday that it will “indefinitely suspend all activities under the framework of the China-Australia Strategic Economic Dialogue.”
The move comes after some officials in Australia launched unspecified measures “out of a Cold War mindset” to disrupt cooperation with China, the NDRC statement said.
China’s decision to halt all activities under the framework is more than just a symbolic move, said Laurenceson.
He called Beijing’s latest move a “tit-for-tat” retaliation to show its displeasure after Australia scrapped two Belt and Road deals last month.
Australian Minister for Trade Tourism and Investment Dan Tehan on Thursday expressed his disappointment at the suspension of talks.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
