Business
Chinese companies given ‘verbal notice’ to stop importing Australian coal – Sydney Morning Herald
The Australian coal industry is bracing for another hit to Australian exports to China.
The move has sparked fears that Australia could be on the cusp of another trade hit as relations with China deteriorate over multiple diplomatic disputes this year. The restrictions on Australian coal would crimp $14 billion in coal exports each year and boost local miners in China, as the Chinese Communist Party pumps stimulus into the economy and simultaneously increases its investment in renewable energy.
A seperate Chinese coal industry source who works for a state-owned enterprise saidthat…
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