Australia cancels China's Belt & Road deal as Beijing warns further damage to tie-up



by   |  VIEW 667

Australia cancels China's Belt & Road deal as Beijing warns further damage to tie-up

On Wednesday, the Aussie Government of incumbent PM Scott Morison, had suspended two deals which the Australian state of Victoria had stamped with China under Beijing’s flagship belt and road initiative, prodding Chinese consulate in Canberra to raise a red-flag on the countries’ bilateral tie-up which has been worsening since 2018, when Australia became the first country to ban Chinese tech conglomerate Huawei Technologies from its fifth-generation network over national security concerns.

Nevertheless, in the latest flashpoint of an exacerbation in an already strained bilateral tie-up between Canberra and Beijing, Aussie Foreign Minister Marise Payne was quoted saying in a statement that she had decided against to push forth on four deals including those the state of Victoria had reached with China in 2018 and 2019 under the world’s second-largest economy’s Belt and Road Initiative, which is expected to ramp up gross outputs while declining poverty in major economies in Europe and Asia by instrumenting a channel that in effect would bridge a raft of countries spanning across Australia, Asia and Europe.

Australia pulls out of China’s belt and road initiative

Meanwhile, addressing to a dynamic shift in Aussie foreign policy, Payne said, “I consider these four arrangements to be inconsistent with Australia's foreign policy or adverse to our foreign relations”.

Nevertheless, as an inevitable repercussion to Aussie Government’s latest move to pull the country out of China’s flagship belt and road initiative, which is set to recreate an older version of silk route, voicing “strong displeasure and resolute opposition,” Chinese consulate in Canberra said following the announcement, “This is another unreasonable and provocative move taken by the Australian side against China.

It further shows that the Australian government has no sincerity in improving China-Australia relations.