Australia has been calling out China on its human rights abuses.
China has taken a petty revenge today with:
- China’s state planner will suspend China-Australia economic dialogue
The Australian dollar took an immediate hit lower, China is a huge export destination for Australia’s iron ore:
As a bit of an explanation, the Strategic economic dialogue with China is aimed at strengthening Australia’s economic and trade relationship with Chin:
- growing trade and investment with China
- opportunities for Australian and Chinese businesses to cooperate
- further increasing trade and investment with China will drive economic growth in both countires
China’s NDRC (the CCP state planner) has thrown this away for political recrimination reasons.