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What you need to know:China’s Diplomatic Row With Australia Just Keeps Getting Worse

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Economics

New Australia Law Can Scrap China Belt and Road Accords

Foreign minister now able to veto deals with foreign powers
Move by Morrison’s government may exacerbate Beijing tensions

Bloomberg business news — Australia's New Law May Scrap Deals With China

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December 8, 2020, 2:07 AM UTCUpdated onDecember 8, 2020, 1:47 PM UTC

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Prime Minister Scott Morrison has new powers to veto or scrap agreements that state governments reach with foreign powers under laws that could stymie China’s Belt and Road Initiative in Australia and further inflame tensions between the trading partners.