China’s alleged ban on Australian coal imports a ‘lose-lose’ situation, Prime Minister says

Prime Minister Scott Morrison says the Government is still treating news that China has blocked Australian coal imports as “media speculation”, while adding that if it is true, it would be a bad outcome for both countries’ economies.

The nationalistic state-owned tabloid The Global Times has appeared to confirm that Beijing has blocked Australian imports, a move that could cost the Australian economy billions of dollars a year.

The report comes after months of uncertainty around the…