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Business & Finance

China suspends economic accord with Australia

  • The China-Australia Strategic Economic Dialogue deal has been suspended "based on the current attitude".
Published May 6, 2021

BEIJING: Beijing said Thursday it has suspended an economic agreement with Australia, an apparent tit-for-tat response to Australia scrapping a Belt and Road infrastructure pact and threat to undo a deal leasing Darwin Port to a Chinese company.

The China-Australia Strategic Economic Dialogue deal has been suspended "based on the current attitude" of the Australian government, China's National Development and Reform Commission said in a statement, blaming some officials of "ideological discrimination."

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