Australia has swiftly turned down China's offer to "join hands" against Donald Trump's tariffs, as Washington escalates its trade war with Beijing. The White House recently imposed an import tax of 10% on Australian goods,

Chinese property developer Country Garden said on Friday it had reached an agreement with a key bondholder group and was close to finalising negotiations with a group of bank creditors.

Australia has rebuffed China ’s offer to “join hands” in the wake of the Trump tariffs as Beijing tries to boost trade and undo some damage from the 125 per cent levies on Chinese goods in the US.