Business
Iron ore fall headlines 17pc drop in exports to China – The Australian Financial Review
Preliminary figures from the Australian Bureau of Statistics show the overall value of exports declined by $1.96 billion in July.
“This warrants close attention ahead to see if the pullback is a one-off or weaker trend,” they said.
In April, at the height of the pandemic, China’s ambassador to Canberra, Cheng Jingye, told The Australian Financial Review the Morrison government’s call for an inquiry into the origins of the COVID-19 pandemic may hurt exports to China.
The preliminary data does not give a detailed breakdown of exports to China.
Overall goods imported increased by $2.48 billion or 11 per cent to $25.8 billi…
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