Space Industry and Business News  
TRADE WARS
US accuses China of 'economic warfare' against Australia
By Andrew BEATTY
Sydney (AFP) Dec 1, 2021

US President Joe Biden's top Pacific envoy on Wednesday accused China of trying to "drive Australia to its knees" through a barrage of sanctions that amounted to "economic warfare".

In remarks to the Sydney-based Lowy Institute, veteran diplomat Kurt Campbell lampooned Beijing for strong-arm tactics.

Painting China as increasingly bellicose and determined to impose its will overseas, Campbell said Beijing had engaged in "really dramatic economic warfare -- directed against Australia".

Over the last two years, China has introduced a raft of punitive sanctions on Australian goods in a fierce political dispute that has frozen ministerial contacts and plunged relations into the most serious crisis since the Tiananmen Square crackdown in 1989.

"China's preference would have been to break Australia. To drive Australia to its knees," said Campbell, who currently serves as the White House Indo-Pacific coordinator.

China has been angered at Australia's willingness to legislate against overseas influence operations, to bar Huawei from 5G contracts and to call for an independent investigation into the origins of the coronavirus pandemic.

Australian barley, coal, copper ores, cotton, hay, logs, rock lobsters, sugar, wine, beef, citrus fruit, grains, table grapes, dairy products and infant formula have all been subject to Chinese sanctions.

The US envoy said that under President Xi Jinping, China has become "more risk acceptant, more assertive, more determined to basically take steps that other countries would view as coercive".

The Biden administration has embraced a policy of "strategic competition" with China -- acknowledging rivalry between the two powers but maintaining ties so conflicts do not spiral out of hand.

Beijing repudiated the comments on Wednesday, claiming Australian politicians had "played up the China threat theory, accused and attacked China for no reason, provoked tension and created confrontation".

"We hope the relevant people on the US side will not confuse right and wrong," foreign ministry spokesman Wang Wenbin said at a regular press conference.

- Strategic alliance -

Biden recently shocked many in the region by agreeing to share sensitive nuclear-powered submarine technology with Canberra, allowing Australia to dramatically increase its military deterrence.

Campbell indicated the move -- part of a broader three-way AUKUS agreement that includes Britain -- would bind the three allies for generations.

"When we look back on the Biden administration - I believe it will be among the most significant things that we accomplish. And I think in 20 years it will be taken as a given that our sailors sail together, our submarines port in Australia."

Canberra and London's economic ties with a rapidly growing China had put the alliance in doubt, Campbell admitted.

"Seven or eight years ago, if you asked the countries that were most likely to realign strategically and kind of rethink its options... near the top of that list would probably be both Great Britain and Australia," he said.

Campbell also revealed that other Pacific allies would likely take part in cyber or other non-submarine aspects of the AUKUS agreement.

"Many close allies have come to us, in the immediate aftermath and said, can we participate? Can we engage?

"It is to the credit of Australia and Great Britain, that they insisted, yes, this is not a closed architecture."


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Global economy rebounds, but for how long?
Paris (AFP) Dec 1, 2021
The world economy woke up from its pandemic-induced coma in 2021, but soaring inflation, global supply chain bottlenecks and a resurgent coronavirus have taken the shine off the comeback. Now growth is at risk of weakening next year. Here is a look at the state of the global economy: - Uneven recovery - Countries have posted impressive growth figures as they clawed their way out of the depths of the 2020 Covid-induced recession, but some are faring better than others as wealthier countri ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Researchers develop novel 3D printing technique to engineer biofilms

Light-powered soft robots could suck up oil spills

Researchers team up to get a clearer picture of molten salts

Reshaping the plastic lifecycle into a circle

TRADE WARS
Northrop Grumman Australia teams with Inmarsat for sovereign satellite capability

Optus Selects Launch Partner for Next Gen Satellite

Isotropic Systems and SES redefine global satellite services with first-ever multi-orbit field tests

France launches state-of-art military communications satellite

TRADE WARS
TRADE WARS
Galileo satellites given green light for launch

Brain and coat from RUAG Space for Galileo navigation satellites

Galileo pathfinder de-commissioned after 16 years of in-orbit service

Galileo satellites in place for launch

TRADE WARS
China gives long-awaited approval to Boeing 737 MAX after crashes

Hong Kong quarantine pushes Cathay pilots to 'breaking point'

Hong Kong quarantine pushes Cathay pilots to 'breaking point'

China gives long-awaited approval to Boeing 737 MAX after crashes

TRADE WARS
Shrinking qubits for quantum computing with atom-thin materials

Physicists exploit space and time symmetries to control quantum materials

A simpler design for quantum computers

Programmable interaction between quantum magnets

TRADE WARS
Spire Global completes acquisition of exactEarth Ltd

China launches new satellite for Earth observation

BlackSky set to expand its EO constellation for real-time global intelligence

China launches new satellite

TRADE WARS
Thousands block roads in Serbia to protest mining project

Delhi shuts schools again after court warning to curb pollution

United States is world's biggest plastic polluter, report finds

Delhi's choked roads worsen India's toxic smog crisis









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.