Business
China’s trade dispute with Australia has not extended to iron ore … yet – ABC News
China’s dispute with Australia is so far skirting the biggest trade between the two countries, iron ore. But while some analysts are worried the dispute will extend there, others say China will eventually have to back down.
Australia’s relationship with its biggest trading partner, China, has deteriorated rapidly this year.
Key points:
- Australia’s iron ore shipments were up 8 per cent during the first half of the year
- China is working on a major African iron ore mine that would add 150 million tonnes to global supply
- Trade experts say China can only maintain its current aggressive trade stance for a short while before damaging its own economy
As Australia has taken a firmer stan…
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