Business
Chinese government uses state media to confirm export suspensions as trade stoush continues – ABC News
China’s government has used its own media to confirm suspensions on seven types of Australian exports including wine and coal, in a multi-billion-dollar blow.
China’s government has used its own media to confirm suspensions on seven types of Australian exports including wine and coal, in a multi-billion-dollar blow.
Key points:
- The report is the first public confirmation from any Chinese government organisation
- The suspensions would cut the value of exports to China by $5-6 billion
- Wine exporters are already preparing for severe tariffs to be put in place
The Global Times a Communist Party tabloid often used to send signals to other countries confirmed…
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