Experts say China trade sanctions over AUKUS deal unlikely, but flag long-term concerns
3 years, 3 months ago

Experts say China trade sanctions over AUKUS deal unlikely, but flag long-term concerns

ABC  

China's scathing reaction to Australia's nuclear submarine deal is unlikely to translate into trade sanctions in the short term, according to experts. Key points: Experts say China is unlikely to retaliate over AUKUS with trade sanctions But exports, including iron ore, may come under long-term threat Other issues, like the Port of Darwin ownership, may spark further tensions A day after Australia, the US and the UK unveiled a newly-formed trilateral security partnership called AUKUS, China lambasted the alliance, labelling it an "extremely irresponsible" threat that "seriously undermines regional peace and stability and intensifies the arms race". "Most of the ammunition has already been fired China has applied trade sanctions to nearly all of Australia's major exports where it is able to," he said. That was partly because while Australia's iron ore industry appeared untouchable for now, that would not be the case forever, Ms Kassam said.

China Trade Australia Sanctions Beijing Iron Iron Ore Trade Sanctions Ore Industry Ms Kassam  experts  australias  deal  flag  iron  concerns  unlikely  sanctions  longterm  ore  industry  australia  say  trade  china  kassam

History of this topic

Australia should adhere to independent China policy to bolster trade
9 months ago

Australia should adhere to independent China policy to bolster trade

China Daily  

SHI YU/CHINA DAILY Foreign Minister Wang Yi's visit to New Zealand and Australia from Sunday to Thursday indicates an improvement in political mutual trust between China and the two countries, especially between China and Australia. Second, Australia needs to base its China policy on its own national interests, without allowing the US to hold Sino-Australian trade relations hostage, in order …

Australia should adhere to independent China policy to bolster trade
9 months ago

Australia should adhere to independent China policy to bolster trade

China Daily  

SHI YU/CHINA DAILY Foreign Minister Wang Yi's visit to New Zealand and Australia from Sunday to Thursday indicates an improvement in political mutual trust between China and the two countries, especially between China and Australia. Second, Australia needs to base its China policy on its own national interests, without allowing the US to hold Sino-Australian trade relations hostage, in order …

Australia's iron ore miners face falling Chinese demand
9 months ago

Australia's iron ore miners face falling Chinese demand

The Hindu  

Australia’s vast iron ore mining sector is facing stark choices as its biggest customer China has likely hit a peak in its steel production and global pressures mount to decarbonise one the world’s most polluting industries. China’s rise since the late 90s allowed Australia’s iron ore miners to massively ramp up output, reap economies of scale and become hugely profitable. …

Canberra should not let past bias cloud judgment: China Daily editorial
1 year, 1 month ago

Canberra should not let past bias cloud judgment: China Daily editorial

China Daily  

The Chinese and Australian national flags in Sydney, Australia. Statistics released by the General Administration of Customs on Monday indicate China resumed imports of Australian barley in October, with the amount of the first batch of imports in more than three years reaching 313,700 tons worth $88.4 million. Latest GAC statistics also indicate trade between China and Australia reached $189.88 …

Australian trade minister visits China as part of joint efforts to repair ties
1 year, 7 months ago

Australian trade minister visits China as part of joint efforts to repair ties

The Hindu  

Australian Trade and Tourism Minister Don Farrell visited China on Thursday as part of a joint effort to repair ties scarred by political rifts over the past decade. In a statement issued by his office, Farrell said he would be “advocating strongly for the full resumption of unimpeded Australian exports to China.” China is Australia’s biggest trading partner, with two-way …

Australia’s exports to China hit record highs as barriers ease
1 year, 7 months ago

Australia’s exports to China hit record highs as barriers ease

Al Jazeera  

Exports of Australian goods to China hit $12.71bn in March, up nearly one-third from year earlier. Australia’s exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments amid thawing diplomatic relations. Data released on Thursday showed exports of Australian goods to China …

China-Australia Trade War Shows No Sign of Abating
1 year, 9 months ago

China-Australia Trade War Shows No Sign of Abating

The Diplomat  

On February 6, China and Australia’s top trade officials met, albeit virtually, for the first time since 2019. Chinese leader Xi Jinping wants everyone to believe that his meeting with Australian Prime Minister Anthony Albanese last November came about because Australia – not China – has changed. China and Australia signed a free trade agreement in 2015, cementing a strong …

China says AUKUS deal going down ‘wrong and dangerous path’
1 year, 9 months ago

China says AUKUS deal going down ‘wrong and dangerous path’

The Hindu  

Expressing its “firm opposition” to Monday’s announcement on Australia’s purchase of nuclear-powered submarines, China’s government on March 14 slammed the Australia, United States and United Kingdom partnership as going “down the wrong and dangerous path” and undermining international nuclear non-proliferation. It will only exacerbate arms race, undermine the international nuclear non-proliferation regime and hurt regional peace and stability,” Foreign Ministry …

AUKUS: China threatens US, UK for arming non-nuclear Australia with tons of weapons-grade enriched uranium
1 year, 9 months ago

AUKUS: China threatens US, UK for arming non-nuclear Australia with tons of weapons-grade enriched uranium

Firstpost  

Pro-China experts called AUKUS deal an ’expensive mistake’ and a ’time bomb for peace’ in the region Beijing: The AUKUS nuclear submarine deal involving Australia, US and UK has unnerved China. The Chinese government claimed the US and UK are “clearly violating the object and purpose of the NPT” by transferring tons of weapons-grade enriched uranium to a non-nuclear-weapon Australia. …

Why China will continue to play the isolation game with Australia despite best diplomatic efforts
1 year, 10 months ago

Why China will continue to play the isolation game with Australia despite best diplomatic efforts

ABC  

Despite all the promise of the pre-festive season frolics, the defrosting of the Canberra Beijing impasse never quite turned into the Summer of Love. Just the other day, China's now-permanent ruler Xi Jinping sent a congratulatory Australia Day note to Governor General David Hurley, assuring him that relations were heading in the "right direction". Vladimir Putin tells Xi Jinping Russia …

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling
2 years, 1 month ago

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling

ABC  

Australian miners unearth more iron ore than anywhere else in the world — but they want to increase that. Key points: BHP, Rio Tinto and FMG have all launched new iron ore mines in the past 18 months The iron ore price has plummeted from about US$240 a tonne last year, to about US$80 now Experts predict we're nudging the …

China and Australia’s New Government
2 years, 6 months ago

China and Australia’s New Government

The Diplomat  

In the aftermath of the military onslaught of June 4, 1989 in Beijing, a Taiwanese-born man in his early 30s came through the gates of the Australian Embassy. Australia’s protection of a dissident who had openly challenged the Chinese Communist Party became a defining point in Canberra’s larger relationship with China. According to Australia's ABC News, the editor of state-run …

Australia’s government urges China to remove trade barriers
2 years, 7 months ago

Australia’s government urges China to remove trade barriers

Associated Press  

CANBERRA, Australia — Australia’s new government has urged China to lift trade sanctions if it wants to reset a bilateral relationship that plumbed new depths under the previous administration. The Chinese premier’s congratulatory letter to Prime Minister Anthony Albanese on his election victory was widely seen as a relaxation of Beijing’s two-year ban on high-level government contact with Australia. “It …

How China's hard landing could expose Australia as a one-trick export pony hitched to one wagon
3 years, 1 month ago

How China's hard landing could expose Australia as a one-trick export pony hitched to one wagon

ABC  

We'll never know for sure how he did it. It also would have lit the fuse on a debt time bomb that has engulfed other major developers and plunged China's $US5 trillion property sector into a crisis that threatens to spill over into the Middle Kingdom's financial system and the global economy. Since May, iron ore prices have slumped 60 …

Australia to dump over-reliance on China as Canberra launches tough offensive against Beijing
3 years, 3 months ago

Australia to dump over-reliance on China as Canberra launches tough offensive against Beijing

Daily Mail  

Australia is set to adopt a tough new strategy to combat China after withstanding an ongoing campaign of 'economic coercion' over the past 18 months. The strategic economic pivot away from the increasingly belligerent and authoritarian nation also urges Australian firms to find new supply chains outside of China. Treasurer Josh Frydenberg outlined a new strategy to combat China after …

Record iron ore prices boost Australia's economy, but will the China trade war end the boom?
3 years, 6 months ago

Record iron ore prices boost Australia's economy, but will the China trade war end the boom?

ABC  

Driving along the Great Northern Highway through Western Australia's remote Pilbara region at sunrise is a unique experience. "Our forecast for iron ore is to come back to about $US110 a tonne by the end of this year," CBA's mining and energy economist Vivek Dhar says. Capital Economics senior economist Marcel Thieliant recently published a note saying: "As China's property …

Is the dream over? Amid China's trade war, producers grapple with new world order
3 years, 7 months ago

Is the dream over? Amid China's trade war, producers grapple with new world order

ABC  

For years Australia's farmers have pegged their future prosperity on the growing Chinese market, but those targeted by a barrage of trade sanctions are developing new trade ties. "If China's goals were to change Australian policy, inflict economic damage or to send a warning to third countries about crossing Beijing, then I think it's safe to say China has basically …

China suspends economic dialogue with Australia as ties worsen
3 years, 7 months ago

China suspends economic dialogue with Australia as ties worsen

Al Jazeera  

Disputes over technology and the coronavirus pandemic have eroded relations between the two countries in recent years. “Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and ideological discrimination,” China’s National Development and Reform Commission said in a short statement on Thursday …

Iron ore is saving Australia’s trade with China. How long can it last?
3 years, 7 months ago

Iron ore is saving Australia’s trade with China. How long can it last?

CNN  

Hong Kong CNN Business — Wine and wheat. Ian Waldie/Bloomberg/Getty Images The mining boom For more than two decades, China and Australia have helped rapidly grow each others’ economies through a soaring trade in raw resources, especially iron ore and coal. By 2019, almost two-thirds of China’s iron ore came from Australia, more than it imported from Brazil, South Africa …

Australian exports booming despite trade restrictions from China
3 years, 10 months ago

Australian exports booming despite trade restrictions from China

ABC  

Trade with China is crucial — it's Australia's largest trading partner. Shortly after Australia showed its support for an independent investigation into the origins and early handling of the pandemic, China began imposing trade restrictions on Australian exports. "The increase in metalliferous ores to China was driven by iron ore, up $1,951m to $9,865m, accounting for 79% of Australian iron …

Australian exports surge despite China hostility, ASX follows 'sky-high optimism' on Wall Street
3 years, 11 months ago

Australian exports surge despite China hostility, ASX follows 'sky-high optimism' on Wall Street

ABC  

Despite Beijing's increasingly hostile trade war, Australia sold a lot more goods to China in December. Key points: Australian CPI is expected to rise 0.7pc in the December quarter Apple, Facebook and Tesla will report quarterly results on Thursday The Australian share market is trading around its highest level since February 26, 2020 Australia managed to divert its coal and …

Trade Minister Dan Tehan writes to new Chinese counterpart in attempt to end trade dispute
3 years, 11 months ago

Trade Minister Dan Tehan writes to new Chinese counterpart in attempt to end trade dispute

ABC  

The new Trade Minister Dan Tehan has written to his Chinese counterpart in a fresh attempt to re-establish lines of communication and convince Beijing to halt its mounting campaign of trade punishment against Australia. Key points: Several Australian ministers tried to contact their Chinese counterparts but were ignored Mr Tehan says he wrote to China's new Commerce Minister because "the …

China still needs Australia to power its economic recovery
3 years, 11 months ago

China still needs Australia to power its economic recovery

CNN  

Hong Kong CNN Business — China and Australia spent much of last year in a tense standoff on trade. But as the recovery of the world’s second largest economygathers pace, China needs more iron ore and Australia is still its main supplier. “China’s impressive industrial recovery has stoked demand for steel production, and Australia is a major supplier of steel …

What is the World Trade Organization? How will it help our trade with China?
4 years ago

What is the World Trade Organization? How will it help our trade with China?

ABC  

After months of deteriorating trade relations and a series of official and unofficial bans on a range of goods, Australia has decided to take China to the independent umpire. While 2020 has seen a number of commodities come under fire, the referral to the World Trade Organization is specifically over tariffs China placed on Australian barley that effectively ended the …

Stan Grant, Stephen Dziedzic and Bang Xiao answer your questions about the Australia-China relationship
4 years ago

Stan Grant, Stephen Dziedzic and Bang Xiao answer your questions about the Australia-China relationship

ABC  

There is really only one Australian export which China really needs, and that’s iron ore.* More than 60 per cent of China’s iron ore imports come from Australia and its other major supplier — Brazil — is in a world of trouble because of COVID-19 in its mines and a tailing dam collapse. So if we suddenly stopped sending them …

Chinese embassy says claims it is blocking Australian imports are 'unfounded' as trade stoush continues
4 years ago

Chinese embassy says claims it is blocking Australian imports are 'unfounded' as trade stoush continues

ABC  

China has dismissed Australia's latest concerns over its treatment of Australian exports, saying it has always met its obligations under the two countries' free trade agreement known as ChAFTA. Key points: The Chinese embassy says it has been lowering import tariffs for Australian goods since 2015 Trade Minister Simon Birmingham has again raised concerns about China's attitude to Australian trade …

China suspends importation of more Australian beef as trade battle escalates
4 years ago

China suspends importation of more Australian beef as trade battle escalates

ABC  

China has suspended the importation of more Australian beef, this time from Meramist Pty Ltd, the sixth supplier to face such a move in a country that is one of China's main meat suppliers. Key points: China is Australia's largest trading partner, making up 30 per cent of exports Five other beef suppliers have been hit with import bans this …

The Hindu Explains | How Australia-China relations have plunged to their worst ever crisis
4 years ago

The Hindu Explains | How Australia-China relations have plunged to their worst ever crisis

The Hindu  

“Repugnant,” was how Australia’s Prime Minister Scott Morrison earlier this week described a tweet by Zhao Lijian, a spokesperson for China’s Foreign Ministry, who shared a doctored image showing an Australian soldier holding a knife to the throat of an Afghan child. The image, created by a Chinese designer who calls himself a “wolf-warrior artist”, was shared on Twitter by …

China warns Australian economy could 'suffer further pain' after reported export ban
4 years, 1 month ago

China warns Australian economy could 'suffer further pain' after reported export ban

ABC  

Chinese state media has warned "Canberra only has itself to blame" in an editorial published on China Daily. Key points: Editorial warns Australia may suffer further economic pain Reported suspensions would cut Australian exports by up to $6 billion China is Australia's largest trading partner, making up 30 per cent of our exports It comes after a Communist Party tabloid …

What's going wrong with our trade with China? Why are our exports being suspended?
4 years, 1 month ago

What's going wrong with our trade with China? Why are our exports being suspended?

ABC  

Tensions between China and Australia have been simmering for a while now and the rocky relationship could be about to head to a whole new level. Australia's barley farmers fell victim to trade tensions with China, after it announced major tariffs. Australian exporters say they've received nothing official from the Chinese Government and are waiting to see what, if anything …

China tightens restrictions on Australian exports
4 years, 1 month ago

China tightens restrictions on Australian exports

Associated Press  

CANBERRA, Australia — China has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday, amid tension over the coronavirus, Hong Kong and the South China Sea. That follows demands by Beijing for the Australian government to drop its support for an investigation into the origin of the coronavirus pandemic that began …

Australia and China's relationship has been turbulent. Here are some recent key moments
4 years, 3 months ago

Australia and China's relationship has been turbulent. Here are some recent key moments

ABC  

Australia's relationship with China has seen better days. This week, Huawei also announced it was pulling its sponsorship for NRL team Canberra Raiders and Beijing launched an investigation into subsidies in Australia's wine export industry, just a fortnight after initiating a separate anti-dumping investigation on wine. Mr Hanson said other examples include China issuing a travel warning for Australia, citing …

Why iron ore has been out of bounds in China's trade war with Australia — for now
4 years, 3 months ago

Why iron ore has been out of bounds in China's trade war with Australia — for now

ABC  

You never know what you might find until you look hard enough. Australia has officially been on the nose with the Beijing leadership for several years, ever since former Prime Minister Malcolm Turnbull called out China's attempted interference in the Australian parliament and Beijing's steady incursions into our universities. Around 80 per cent of Australia's iron ore exports are sent …

Discover Related