Based on the current attitude of the Australian federal government towards Sino Australian cooperation, the national development and Reform Commission has decided to suspend indefinitely all activities under the Sino Australian strategic economic telephone system jointly led by the national development and Reform Commission and relevant departments of the Australian federal government.

Statement of the national development and Reform Commission on the indefinite suspension of all activities under the telephone system of China Australia strategic economy

Recently, based on the Cold War mentality and ideological bias, some people in the Australian federal government have launched a series of measures to disrupt the normal exchanges and cooperation between the two countries. Based on the current attitude of the Australian federal government towards Sino Australian cooperation, the national development and Reform Commission has decided to suspend indefinitely all activities under the Sino Australian strategic economic telephone system jointly led by the national development and Reform Commission and relevant departments of the Australian federal government.

Proclamation of the National Development and Reform Commission of the People’s Republic of China on the Indefinite Suspension of All Activities under China-Australia Strategic Economic Dialogue

Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and coopertaion between China and Australia out of Cold War mindset and ideological discrimiation. Based on the current attitude of the Australian Commonwealth Government toward China-Australia cooperation, the National Development and Reform Commission of the People’s Republic of China decides to indefinitely suspend all activities under the framework of the China-Australia Strategic Economic Dialogue jointly held by the National Development and Reform Commission of the People’s Republic of China and relevant ministries of the Australian Common wealth Government.

Extended reading

What is the mechanism of China Australia strategic economic dialogue?

The China Australia strategic economic dialogue is an important mechanism under the regular meeting of the Chinese and Australian prime ministers and an important part of various mechanisms for consolidating the bilateral relations between China and Australia. The two sides strengthen economic ties by carrying out strategic dialogue on the key economic and investment fields of the two countries.

The first China Australia strategic economic dialogue was held in Beijing on June 24, 2014. So far, the two countries have held three dialogues.

First conversation:

On the morning of June 24, 2014, the first China Australia strategic economic dialogue was held in Beijing. The agenda mainly includes expanding two-way trade and investment, strengthening financial cooperation, and cooperation when hosting the G20 summit and APEC summit.

In the afternoon, Australian dialogue representatives, Treasury minister Joe Hodge and trade and investment minister Andrew rob, attended the press conference organized by the Australian Embassy in China. The reporter learned from the press conference that Australian representatives and Chinese representatives had exchanges on the Sino Australian free trade agreement, the establishment of a RMB clearing bank in Australia, the establishment of an investment cooperation framework and the G20 issue.

Rob said the two sides decided to push forward the negotiation of China Australia free trade agreement this year. In terms of financial cooperation, Hodge said that the two sides discussed the establishment of a RMB clearing bank in Australia and the designation of a market maker. In the future, the two sides will further strengthen communication. It is noteworthy that the two sides decided to establish an investment cooperation framework to deepen the investment cooperation between the two countries. It is reported that the two sides will look for areas and projects in which they can carry out investment cooperation. On the G20 issue, the two sides mainly exchanged views on the 2% economic growth target.

Second dialogue:

On August 13, 2015, the second China Australia strategic economic dialogue was held in Canberra, the capital of Australia. Xu Shaoshi, director of the national development and Reform Commission, exchanged views on the global economic situation and their respective macroeconomic and investment policies with Australian Treasury minister Hawkey and trade and investment minister rob, discussed the investment opportunities brought about by the two countries' development strategies, and reached a consensus on further deepening the economic and investment cooperation between China and Australia, Positive progress has been made in implementing the decision of the leaders of the two countries to upgrade bilateral relations to comprehensive strategic partnership.

Both sides believe that both China and Australia are important countries in the Asia Pacific region with strong economic complementarity. Under the background of downward pressure on both economies, both sides should strengthen exchanges and coordination of macroeconomic policies, work together to cope with risks in global economic development, and further strengthen two-way economic and investment cooperation, so as to promote their respective economic development, And contribute to the healthy development of regional and global economy. One belt, one road initiative and international capacity cooperation have many common points with Australia's Northern Development Initiative and the national infrastructure development plan. China should further enhance its cooperation in the fields and levels through the docking of the two countries' development strategies. The two sides will encourage enterprises of the two countries to give full play to their respective advantages, make full use of the opportunities brought about by the China Australia Free Trade Agreement, strengthen infrastructure, energy resources development, production capacity cooperation and financial cooperation, and further promote bilateral pragmatic cooperation to a higher level to achieve mutual benefit and win-win results.

At the dialogue, the two sides held a round table meeting on investment cooperation between China and Australia, supported Chinese enterprises to participate in the northern Australia Development Forum, and reached broad consensus on discussing the docking of development strategies and capacity cooperation between the two countries.

Dialogue 3:

On the morning of September 16, 2017, he Lifeng, director of the national development and Reform Commission, presided over the third China Australia strategic economic dialogue with Australian Treasury minister Morrison and Australian Minister of trade, tourism and investment Qiao Bo. He had in-depth exchanges on the global and bilateral macroeconomic situation, economic reform, opportunities and challenges of two-way investment between China and Australia, and tapping the potential of China Australia cooperation. Ning Jizhe, deputy director of the national development and Reform Commission, attended the dialogue and spoke on bilateral investment and future cooperation.

During the dialogue, director he Lifeng and Australian Treasury minister Morrison jointly signed the memorandum of understanding between the national development and Reform Commission of the people's Republic of China and the Ministry of treasury of Australia on cooperation in income policy-making Qiao Bo, Minister of tourism and investment, signed the memorandum of understanding between the national development and Reform Commission of the people's Republic of China and the Ministry of foreign affairs and trade of Australia on third party market cooperation. The two sides also announced the establishment of a competition policy working group under the China Australia strategic economic dialogue.

China Australia economic and trade event

2021-5-6

National Development and Reform Commission: suspend all activities under the telephone system of China Australia strategic economy indefinitely.

2021-4-22

The Australian side has one of the Vitoria's one belt, one road agreement, and China urged Australia to immediately withdraw its decision.

2021-3-26

The Ministry of Commerce issued a final ruling: the anti-dumping duty on imported wine originated in Australia is 116.2% - 218.4%.

2020-12

Ministry of Commerce: it is preliminarily determined that there are subsidies for the import of wine originated in Australia.

2020-11

China has suspended the import of timber from Victoria, Australia, due to the discovery of harmful diseases and insect pests in the logs（ As of June 2020, 84% of Australian timber will be exported to China.)

2020-11-4

Stop importing Australian coal, barley and other seven products? Response of the Ministry of Foreign Affairs: Inspection and quarantine measures are carried out in accordance with laws and regulations.

2020-11

Ministry of Commerce: it is preliminarily determined that there is dumping on the imported wine originated in Australia.

2020-10

Chinese companies stopped importing steam coal and coking coal from Australia（ As of June 2020, 27% of Australia's metallurgical coal and 20% of its thermal coal exports are sold to China.)

2020-9-1

The General Administration of Customs announced that the registration qualification of an Australian enterprise exporting barley to China would be revoked and its barley import would be suspended.

2020-8-18

Ministry of Commerce: to conduct anti dumping investigation on the imported wine originated in Australia.

2020-5-18

The Ministry of Commerce announced the final ruling: imposing anti-dumping duty and countervailing duty on barley imported from Australia.

2020-5-11

The products of four Australian manufacturers are prohibited from exporting to China due to their violation of quarantine requirements（ Australian beef exports to China decreased by about 35%.)

2018-8-23

The Australian government has banned Huawei and ZTE from participating in its domestic 5g network infrastructure construction on the grounds of "national security", becoming the first country in the world to ban Huawei and other Chinese suppliers from providing 5g equipment.

2015-6-17

China Australia Free Trade Agreement (FTA) was officially signed. As of January 1, 2019, all products exported from China to Australia are duty-free.

2014-6-24

The first China Australia strategic economic dialogue was held in Beijing（ So far, the two countries have held three dialogues.)