Australia has trade avenues beyond China, CBA says – The Australian Financial Review

“India, Nepal, Brazil and Vietnam are also important sources of international students and numbers could be increased from these and other countries.”
Over the year to April, student enrolments from India have risen strongly, up 20.1 per cent, as well as from countries such as Vietnam.
“These results show how quickly student flows can change,” Ms Clifton said.
The economist’s view on substitution is much the same for iron ore exports.
“There have also been concerns that China may also target some of Australias large commodity exports like iron ore and coal,” Ms Clifton said.
“We think the likelihood that China would target Australian iron ore is very low given the lack of adequate substitutes.”
Australia is the worlds largest iron ore producer and exporter.
“It would not be possible for China to source the iron ore that it needs from other countries without paying a significantly higher price,” Ms Clifton said.
Given the Chinese government’s imperative to lift economic growth through areas such as construction, the country’s demand for iron ore is likely to be maintained.
However, CBA said there was still “a good chance” that Chinese policymakers would place restrictions on coal imports from other countries to help support their expanding domestic coal sector.

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