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‘Heavy price’: China’s Aussie ban backfires – NEWS.com.au
‘Heavy price’: China’s Aussie ban backfires
If Chinas decision to block Australias coal exports is a deliberate strategy to hurt Australia, China also appears to have paid a high price for the move. This year Beijing has introduced a number of trade tariffs and other measures blocking Australian products such as barley, beef, wine, rock lobsters from entering China or making them prohibitively expensive.
Australia’s coal has also been unofficially banned since October, with steel mills and power companies told not to buy it, Bloomberg News…
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