Business
What would happen if China stopped buying Australian iron ore? – Yahoo Finance Australia
With trade tensions running so high, could Australia’s biggest customer turn its back on us?
What would happen if China stopped buying Australia’s iron ore? (Source: Getty)
Despite the Australia-China ties being at an all-time low, our monthly exports to China have hit a four-year high.
Much of this is being driven by Chinese demand for Australian iron ore, which in the 2019 financial year represented a $102 billion contribution to the national economy.
China is, by far, our biggest trade partner. China bought 66 million tonnes of imports from Australia in November, which is about the same…
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