Rising tension with China rings corporate Australia’s alarm bells

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.

https://www.ft.com/content/5ec61eac-9eaf-44cd-9804-f82d0b1502ed

Australia has been hit by a phenomenon not seen there for nearly 30 years: recession.

The pandemic is to blame but fraying relations with China threaten to make the downturn considerably worse. This week, Australia warned against travel to Hong Kong and suspended its extradition treaty with the territory, sparking a swift rebuke from China.

Read more: https://www.ft.com/content/5ec61eac-9eaf-44cd-9804-f82d0b1502ed