Business
China losing interest in Australian coal isn’t about diplomacy – it’s simply market dynamics – The Guardian
We need to discuss how communities and workers in the coal sector will cope with China’s push for self-sufficiency
Australian politicians have been selling the dream of coal for years, but its a dream that is about to be mugged by reality.
Chinas coal imports have been weak all year. Initially this was attributed to Covid but as Chinas economy has resumed growth and certainly growth in its energy-intensive sectors coal imports have dropped sharply from all countries, not just Australia. Indonesian exports were down 37% year on year in September. Public statements from China are pushing the narrative that Au…
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