Give our businesses a fair go, says China
Beijing has warned Australia not to discriminate against the country’s businesses amid a push by both sides of politics to strip Chinese-owned company Landbridge of its lease over the Port of Darwin.
Beijing has warned Australia not to discriminate against the country’s businesses amid a push by both sides of politics to strip Chinese-owned company Landbridge of its lease over the Port of Darwin.
Chinese stockmarkets have tanked and business owners are angry, as The Australian discovered on a visit to Yiwu, China’s biggest wholesale market.
Representatives from ByteDance, the social media platform’s Chinese parent company, said approval for the transaction has been withdrawn.
The US President suggests he could cut the 65 per cent tariff rate if Beijing allows a sale of TikTok, but Chinese government advisers warn China is now in a ‘struggle for survival’ with America.
After the cumulative tariff rate on Chinese imports were raised to almost 70pc, China’s response has stoked fears the Australian economy will be shaken by the worst trade war since the 1930s.
The economic relationship between the US and China, the world’s two biggest economies, will never be the same.
Analysts say a teetering British economy looks likely to fall into recession after Donald Trump’s tariffs, and while the UK does not plan to retaliate, EU states are considering their response.
Beijing accused Australia of ‘paranoia’ over a Chinese research vessel, as a government-owned masthead suggests the Chinese government’s preferences in the May 3 election.
China launched army, navy, air and rocket forces around Taiwan and labelled the Taiwanese president a ‘parasite’ in a show of military intimation and propaganda denounced by Taipei.
Xi Jinping has cast China as an island of stability ahead of Donald Trump’s ‘liberation day’, but exporters fear a tsunami of tariffs will submerge the global trading system that China has benefited from more than any other country.
Original URL: https://www.theaustralian.com.au/author/will-glasgow/page/4