China suspends economic dialogue with Australia

(VOVWORLD) - China on Thursday "indefinitely" suspended all activities under a China-Australia Strategic Economic Dialogue as bilateral relations sunk. 

The move came as an apparent tit-for-tat response to Canberra's scrapping of a Belt and Road infrastructure pact and threat to undo a deal leasing Darwin Port to a Chinese company.

Beijing will "indefinitely suspend all activities under the framework" of the China-Australia Strategic Economic Dialogue based on the current attitude of the Australian government,” China's National Development and Reform Commission said in a statement Thursday.

The Australian dollar sank 0.6 percent soon after the news.

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