China’s Foreign Ministry: Australia should avoid making already strained bilateral ties worse
|Wang Wenbin, a spokesman at the Chinese Foreign Ministry, warned that the Australian side should avoid making already strained ties with China worse.
Additional comments
"China rejects and deplores this."
"China has lodged stern representations with the Australian side."
"China reserves the right to take further actions."
This comes after Australia scrapped two accords between Victoria state and China under Beijing's flagship Belt and Road initiative.
Market reaction
With growing tensions between Sino-Australian, the aussie appears resilient.
The AUD/USD pair is attempting a recovery above 0.7750 as the US dollar remains pressured alongside the Treasury yields.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.