Business
Australia’s diplomatic divorce with China is getting more expensive – Sydney Morning Herald
Recent Australian government attempts to seek retribution against China’s trade bans and restrictions are looking increasingly like own goals.
The 74 vessels holding Australian coal are still floating off Chinese ports, as Beijing refuses to blink and Australian producers have no option but to redirect this inventory to alternative, but less lucrative, markets.
Thus Australia’s coal producers have become collateral damage in a diplomatic war between the two countries that has turned into a slugfest.
For the past year China’s bans and restrictions on numerous Australian products and commodities, including barley, wine and lobsters have…
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