A year after the start of the clashes between Canberra and Beijing, Australia canceled the agreements on the BRI, the Belt & Road Initiative, activated in the State of Victoria with the NDRC, the Commission for Chinese Reforms, and now the CASS, the ‘Chinese Academy of Social Sciences, reveals that Australia has dropped from 12th to 15th place in the 114-country ranking each year. The US also fell, demonstrating that the deterioration of relations affects the motivations for investment.
Australia is the first country to leave the BRI
The CASS is queen in indicating to the Ministry of Commerce the most attractive destinations for foreign investments. The list of 114 countries monitored is usually a reason for interest to understand who is up and who is down in the rankings.
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It is not only the “fault” of the worsening of bilateral relations.
Australia has lost three places, which makes the decision of Canberra, the capital of the first country in the world to cancel a deal on the BRI, even more emblematic.
Not only. The State of Victoria has also canceled two Memorandums signed with Syria and Iran, but those with China are the most serious from the point of view of the economic consequences.