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Australia Chinese newspaper warns 'China has the power to hurt the Aussie economy'

07:48  21 may  2020
07:48  21 may  2020 Source:   skynews.com.au

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China has changed customs rules on iron-ore imports after introducing an 80 per cent tariff on Australian barley banning four Aussie beef suppliers. Yu Lei of Liaocheng University told state-controlled newspaper the Global Times: 'This is another implicit warning to Australia.

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Chinese propaganda outlet The Global Times has declared “China has the power to hurt the Aussie economy” as it warned any attempt to “confuse malicious COVID-19 inquiries with trade would only exacerbate the tensions”.

“China has the power to hurt the Aussie economy but won't fire the first shot in a trade war,” the publication wrote.

“If China wanted to start a trade war with Australia, it wouldn't use a measure of this degree.

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China 's ambassador in Canberra, Jingye Cheng (pictured), warned that Chinese consumers may stop Referring to recent tensions over coronavirus, China 's territorial claims in the South China Sea and China is a key market for Australia's wine companies. Pictured: A customer selects an Aussie

'From China 's perspective, Australia has never been a friendly trading partner,' a piece in the state-run Global ' The Australian government seems more interested in exploiting China 's suspension of some beef ' China doesn't really want to hurt itself, it just wants to make a point and then they'll move on.'

“In view of past experience, China won't be the one to take the first provocative step, but it should be noted that any further attempt to confuse malicious COVID-19 inquiries with trade would only exacerbate the tensions, driving bilateral trade off track.”

The Global Times editorial also hit out at Australia for taking credit for the inquiry into the origins of COVID-19.

China claims the World Health Assembly resolution spearheaded by Australia was different to what Prime Minister Scott Morrison previously called for.

“China has already made it clear that it supports the comprehensive review of the COVID-19 response, which should be conducted in an objective and impartial manner,” the Global Times wrote.

“A resolution on identifying the zoonotic source of the coronavirus has been agreed by all the member states, including China, at the 73rd World Health Assembly (WHA) meeting on Tuesday. The resolution is entirely different from the "independent inquiry" previously backed by some Australian politicians.”

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Chinese officials said the economy grew 6.2 percent between April and June compared with a year earlier. While such economic growth would be the Big state-controlled banks have steered the bulk of their lending to state-owned enterprises. That long-running trend has hurt the real estate market

Chinese leaders insist that they are well on the way to conquering the virus, allowing them to reopen “leading enterprises and key links with important It does not help that China has shown itself willing to use trade to bully other countries during political disputes, as when it denied the export of rare

Perth USAsia Centre CEO Professor Gordan Flake has warned against reading too much into the editorial which “tend to be a harbinger of what the actual Chinese positions are but don’t line up entirely in that process”.

He told Sky News “it is tempting to kind of look at this in a bubble and think that somehow we are the only country right now being targeted by China whereas - a whole range of other counties are facing similar responses”.

“This is really more about changes internally in China than it is about us and yet our tendencies is to interpret it entirely in our own domestic context,” he said.

Click here for up-to-date coverage of the COVID-19 crisis on the Microsoft News app — available on Windows 10, iOS and Android

Defiant Scott Morrison insists Australia did nothing wrong by calling for a coronavirus inquiry which infuriated China - and says he will continue to act in the national interest as trade tensions escalate .
China was infuriated by the government's demand for an independent probe and imposed a tax on barley and banned some Aussie beef in apparent revenge. But the Prime Minister today insisted he did nothing wrong and said he did not target our largest trading partner. Labor leader Anthony Albanese backed Mr Morrison's calls for an inquiry - but labor agriculture spokesman Joel Fitzgibbon has accused the Coalition of 'demonising' China. It comes as Chinese state media reported that Beijing could import more natural gas from the US and Qatar instead of Australia if tensions continue.

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