{"id":122145,"date":"2021-04-22T06:11:39","date_gmt":"2021-04-22T06:11:39","guid":{"rendered":"https:\/\/precoinnews.com\/?p=122145"},"modified":"2021-04-22T06:11:39","modified_gmt":"2021-04-22T06:11:39","slug":"australias-wine-industry-battered-as-relations-with-china-sour","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/","title":{"rendered":"Australia&#39;s wine industry battered as relations with China sour"},"content":{"rendered":"<p><cite>Hong Kong (CNN Business)<\/cite>The Australian government has canceled a Belt and Road agreement signed by China and the state government of Victoria, escalating trade and diplomatic tensions between Beijing and Canberra.<\/p>\n<p>Victoria \u2014 the country&#8217;s second largest and wealthiest state \u2014 signed a memorandum of understanding on the Belt and Road Initiative (BRI) with the Chinese government in October 2018, the only government in Australia to sign up for Chinese President Xi Jinping&#8217;s signature global infrastructure initiative.<br \/>\nPart of Xi&#8217;s vision for China&#8217;s future economic growth, the BRI is intended to build new trade corridors between Europe and Asia, following the path of the historic silk road. While other countries that have joined the BRI have received large scale funding from Beijing, the deal between China and Victoria appeared to be aimed more at encouraging future investment and trade.<\/p>\n<ul><\/ul>\n<p>In a statement Wednesday night, Foreign Minister Marise Payne said the federal government had evaluated &#8220;more than 1,000&#8221; deals between Australia&#8217;s states and territories and foreign governments.<\/p>\n<ul><\/ul>\n<p><img decoding=\"async\" alt=\"Australian Foreign Minister Marise Payne talks to media during a press conference at Parliament on April 22 in Wellington, New Zealand.\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/210422002739-marise-payne-0422-large-169.jpg\"><br \/>\nIn total, four deals were canceled, two with China and one each with Iran and Syria, all signed by the Victorian government. <\/p>\n<p>&#8220;I consider these four arrangements to be inconsistent with Australia&#8217;s foreign policy or adverse to our foreign relations,&#8221; Payne said in her statement.<br \/>\nThe move was made under new a legislation passed last December, which experts saw as squarely targeted at the deal between Victoria and China.<br \/>\n<img decoding=\"async\" alt=\"How China is devastating Australia&amp;#39;s billion-dollar wine industry\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/210209093052-20210209-china-australia-wine-large-169.jpg\"><br \/>\nSpeaking to Australian radio on Thursday, Payne said the decision wasn&#8217;t directed at any particular country. However the Chinese embassy in Australia denounced the cancellation in a statement, expressing Beijing&#8217;s &#8220;strong displeasure and resolute opposition.&#8221;<br \/>\n&#8220;This is another unreasonable and provocative move taken by the Australian side against China. It further shows that the Australian government has no sincerity in improving China-Australia relations,&#8221; the statement said, adding that the cancellation will only &#8220;further damage&#8221; relations between the two countries.<br \/>\nChina and Australia are already in the middle of a worsening diplomatic crisis, with relations between the two governments at record lows since Canberra&#8217;s call for an international investigation into the origins of Covid-19 in April 2020.<\/p>\n<ul><\/ul>\n<p>Since then, millions of dollars of Australian imports have encountered difficulties entering the Chinese market, including timber, beef and some types of coal. In March, the Chinese government confirmed that Australian wine would face tariffs of up to 218% for five years due to allegations of &#8220;dumping and [market] damage.&#8221;<br \/>\nOverall, Chinese investment in Australia dropped by 62% in 2020, down to just $775 million.<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2021\/04\/22\/business\/australia-china-belt-and-road-initiative-intl-hnk\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong (CNN Business)The Australian government has<\/p>\n","protected":false},"author":3,"featured_media":122144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Australia&#039;s wine industry battered as relations with China sour - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia&#039;s wine industry battered as relations with China sour - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Hong Kong (CNN Business)The Australian government has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-22T06:11:39+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/Australias-wine-industry-battered-as-relations-with-China-sour-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/\",\"url\":\"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/\",\"name\":\"Australia&#39;s wine industry battered as relations with China sour - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-04-22T06:11:39+00:00\",\"dateModified\":\"2021-04-22T06:11:39+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Australia&#39;s wine industry battered as relations with China sour\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Australia&#39;s wine industry battered as relations with China sour - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/","og_locale":"en_US","og_type":"article","og_title":"Australia&#39;s wine industry battered as relations with China sour - Pre Coin News","og_description":"Hong Kong (CNN Business)The Australian government has","og_url":"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/","og_site_name":"Pre Coin News","article_published_time":"2021-04-22T06:11:39+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/Australias-wine-industry-battered-as-relations-with-China-sour-.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/","url":"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/","name":"Australia&#39;s wine industry battered as relations with China sour - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-04-22T06:11:39+00:00","dateModified":"2021-04-22T06:11:39+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/australias-wine-industry-battered-as-relations-with-china-sour\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Australia&#39;s wine industry battered as relations with China sour"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/122145"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=122145"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/122145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/122144"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=122145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=122145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=122145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}