5/6, 6:51 AM (Source: TeleTrader)
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China suspends economic framework with Australia

China's National Development and Reform Commission (NDRC) said on Thursday that it is indefinitely suspending the China-Australia Strategic Economic Dialogue. The NDRC stated its decision was based on "the current attitude of the Australian Commonwealth Government toward China-Australia cooperation."

"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 commission argued. In April, Australia decided to cancel two deals under China's Belt and Road Initiative, as they were "inconsistent with Australia’s foreign policy or adverse to our foreign relations," as the country's Foreign Ministry said.

Breaking the News / DJ