Business
China’s record November will further unsettle Australia and the US – Sydney Morning Herald
Economically, China is having a good pandemic. Its latest booming numbers will increase tensions with the US and also carry a disturbing indicator for Australia….
In November Chinas exports to Australia grew 22.6 per cent, year-on-year, while its imports from Australia rose 9.2 per cent. Between October and November, however, while Chinese exports still rose 8.6 per cent, its imports from Australia fell 6.1 per cent, presumably reflecting the initial impact of the sanctions on Australian coal, barley, wine, lobsters, beef and timber.
Given the lopsided nature of the intensifying stoush with China, theres little the Morrison government can do to limit the…
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