Hi welcome back, I am Holly and you are watching kalkine tv live from Sydney. Welcome to the Economic Corner – where we update you on all the biggest global economic announcements for the day.
The first economic update for the day is from Australia. Australia's conservative coalition government had declined to agree to a country-level MOU with China on the Belt and Road Initiative. Australia said that the decision to cancel two deals between Victoria state and China on the Belt and Road Initiative was about ensuring consistency in foreign relations and was not aimed at any country.
On the other hand, the EU and India are in talks to build joint infrastructure projects around the world in the latest attempt to compete with China’s Belt and Road Initiative.