torsdag 13. mai 2021

China threatens to inflict 'economic carnage' on Australia for spending big on defence

China has threatened to bring 'economic carnage' upon Australia in response to big defence spending announced in Tuesday's federal budget. The government outlined a huge boost for the defence force, more funding for spies and help for exporters to find new markets in a massive push back against an increasingly assertive Beijing.

In response, Chinese newspaper the Global Times - a mouthpiece for the Communist Party government - has warned that Beijing will block more Australian exports after already banning a range of goods including barley, wine, beef and coal. In an article titled 'Canberra's defence spending means more economic carnage', the publication warned Australia's natural gas exports could be next in the firing line.