Setback for China’s global prestige project: Australia halts Silk Road deal

Australia wants nothing more to do with China’s ambitious infrastructure offensive. For President Xi, this means a loss of face.

Australia is putting a heavy damper on Chinese President Xi Jinping’s flagship foreign policy project: The government in Canberra is unilaterally terminating an agreement under Xi’s hundreds of billions of dollars Silk Road Initiative. The deal with the Chinese was not compatible with Australia’s foreign policy, Foreign Minister Marise Payne declared.

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