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Australia-China relations continue to sour
Last week’s announcement by China’s National Development and Reform Commission (NDRC) that it has indefinitely suspended all high-level economic dialogue with Australia indicates Beijing’s increasing willingness to target trade in its dispute with Canberra. With China buying around a third of everything Australia exports on a value basis, the downward spiral in Sino-Australian diplomatic relations is clearly of concern. While no specific energy and natural resources projects were a part of the formal China-Australia Strategic Economic Dialogue agreement, deteriorating relations are unsettling Australia’s ... (full story)