Australia The ONE Australian export China can't live without as sales hit record
Barack Obama’s Legacy Abroad Looms Over Joe Biden
Many leaders in Asia, in particular, remain unhappy with the former president’s foreign policy.The U.S., he pledged, would concentrate on efforts to “advance security, prosperity, and human dignity across the Asia Pacific.” This shift was buttressed by a charming personal narrative that the president would often invoke on trips to the region: He had lived for four years as a boy in Jakarta, where, he would later write, he spent his days racing through the streets with an eclectic band of friends, hunting crickets and flying kites, before moving to Hawaii.
Many leaders in Asia, in particular, remain unhappy with the former president’s foreign policy.The U.S., he pledged, would concentrate on efforts to “advance security, prosperity, and human dignity across the Asia Pacific.” This shift was buttressed by a charming personal narrative that the president would often invoke on trips to the region: He had lived for four years as a boy in Jakarta, where, he would later write, he spent his days racing through the streets with an eclectic band of friends, hunting crickets and flying kites, before moving to Hawaii. Australia 's biggest export could become a key geopolitical weapon amid rising tensions with China , writes business editor Ian Verrender. Australian exports of meat, timber, cotton, coal, barley, wine and seafood have been targeted by Chinese authorities this year as tensions have escalated.
Tensions between China and Australia have been simmering for a while now and the rocky relationship could be about to head After hitting our barley and then our beef exports , now it seems China could be turning its back on a big chunk of What could happen to Australian exports today?
© Provided by Daily Mail MailOnline logo Australia's iron ore exports have surged to a record high despite a series of trade sanctions and threats from China.
The commodity used to make steel is so in demand it accounted for more than a third, or 36 per cent, of Australia's exports in October.
Iron ore exports last month hit a record high of $10.9billion, the Australian Bureau of Statistics revealed on Tuesday.
While China has punished Australia's barley, wine, lobster and timber exporters, the superpower's construction and heavy manufacturing industries are too dependent on iron ore to forego it as part of a trade war.
Biden Must Chart a Bold Path in His Foreign Policy
His presidency may be the establishment’s last best chance to demonstrate that liberal internationalism is a superior strategy to populist nationalism. He must consider the strategic options generated by an ideologically diverse team, and he has to make big choices that are attuned to the politics of the moment, in the United States and around the world. Such a bold path is not one that a newly elected president with no foreign-policy experience could take. But he can. Australia 's export boom has hit a new high despite mounting evidence the pulse in China 's industrial heartland is weakening. It is the third-largest surplus since the Australian Bureau of Statistics started compiling the data in 1971. Exports rose by 1 per cent to a record .5 billion, while imports fell 1
China argued that Australian Government initiatives in the Murray-Darling Basin, which paid farmers to upgrade water infrastructure in return for giving But Trade Minister Simon Birmingham said that was "completely ridiculous", given the majority of export barley is grown in Western Australia , thousands
© Provided by Daily Mail Australia's iron ore exports have surged to a record high despite a series of trade sanctions and threats from China. The commodity used to make steel is so in demand it accounted for more than a third, or 36 per cent, of Australia's exports in October with $10.9billion shipped overseas The $325million or four per cent surge Australian iron ore exports to China coincided with a big increase last month in Chinese industrial production.
Australia's key export
China bought 80 per cent of Australia's iron ore exports in October
Iron ore made up 36 per cent of Australia's exports last month
A record $10.9billion worth of iron ore was exported in October 2020
This is the one Australian export China can't stop because it needs more of this commodity to make steel
Australian businesses stop exporting to China due to risk as trade tensions hit home
Amid ongoing trade tensions between Canberra and Beijing, some Australian exporters are now so scared of having their products rejected at customs they have stopped shipping to China. Exporter Andrew Ferguson recently had three shipments of live lobsters die in China because of lengthy delays in customs testing.China began more stringent testing because it said high levels of cadmium had been found in some shipments. But Mr Ferguson has questioned whether he is a casualty of escalating political tensions between the Australian and Chinese governments. Key points China is Australia 's biggest export market Australia has developed reasonable alternative markets such as South Korea and Japan Any sanctions or tariff hikes on Australian products will likely hit our grain, wine, dairy and
Australia ’s four largest exports to China – bn in iron ore, bn in natural gas, bn in coal Wool exports have already suffered from a drop to a five-year low in sale prices because of a halt in While all Australian agricultural commodities rely to some extent on Chinese demand, the barley and
China bought 80 per cent of all iron ore exported in October, putting it well ahead of Japan and South Korea which both bought six per cent of the commodity by value.
Australia is also one of the world's few iron ore exporters and remains in pole position, with this export at least, despite China refusing to take calls from Australian Trade Minister Simon Birmingham.
Brazil's iron ore exporting capacity has been diminished since the Vale tailings dam collapse in January last year.
The Simandou mine at Guinea in west Africa also isn't yet producing iron ore, making Western Australia's Pilbara region the key source of iron ore bound for China.
British-Australian mining giant Rio Tinto, a major exporter of iron ore to China, jointly owns a 45 per cent stake in this mine with Chinese aluminium company Chinalco, having another 40 per cent share.
The Guinea government owning the remaining 15 per cent stake.
Australian coal worth $700MILLION is stuck off Chinese ports
A total of 53 ships carrying 5.7 million tonnes of Australia's coal are still waiting to dock off ports in China, as the Communist Party continues to turn the screws on Australian exporters in bitter feud.A total of 53 ships carrying over 5.7 million tonnes of Australia's coal are still waiting to dock off several ports in China's industrial north. The new tariffs will cripple Australia 's barley exports to China , which are worth hundreds of millions of dollars. One analyst says a shipment to China has Australian farmers are expecting one of their largest winter crops this year and, after years of drought, many had hoped agriculture could lead the
The country imported and exported a record amount of goods in yuan-denominated terms in September, Reuters reported Tuesday, citing a Global demand for Chinese medical supplies helped boost exports in the last several months. China was the first country affected by the pandemic, and
Australia's relations with China have been strained since April when Prime Minister Scott Morrison called for an inquiry into the origins of COVID-19 in Wuhan.
© Provided by Daily Mail China bought 80 per cent of all iron ore exported in October, putting it well ahead of Japan and South Korea which both bought six per cent of the commodity by value. Pictured is Chinese President Xi Jinping That month, China's ambassador to Australia Cheng Jingye threatened Chinese boycotts of Australian beef, wine, tourism and university education.
China in May slapped 80 per cent tariffs on Australian barley exports.
In July, Australia suffered a 38 per cent plunge in cereal and grain exports.
In February 2019, a year before coronavirus came to Australia, China banned Australian coal from entering the Dalian port in the country's north in retaliation for the 2018 ban on telecommunications equipment giant Huawei from installing 5G mobile technology.
Read more
China's wine industry is growing fast, but can it replace Australian exports? .
China's growing wine industry produced more than 800 million litres last year and it has the second-largest vineyard area in the world. But can its wine replace imported Australian wines? Experts don't think so.But on Saturday, Beijing imposed punishing tariffs of up to 200 per cent on Australian wine imports after accusing Australian producers of selling wine below the cost of production.
See also:
Barack Obama’s Legacy Abroad Looms Over Joe Biden 
Biden Must Chart a Bold Path in His Foreign Policy 
Australian businesses stop exporting to China due to risk as trade tensions... 
Australian coal worth $700MILLION is stuck off Chinese ports 
China fires shot in trade war by slapping tariffs on Australian wine 
U.S.-China Relations Haven’t Been This Toxic Since Vietnam 
China’s factories crank up output, but jobs, debt remain concerns 
China's wine industry is growing fast, but can it replace Australian exports? TOP News
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Australia 's biggest export could become a key geopolitical weapon amid rising tensions with China , writes business editor Ian Verrender. Australian exports of meat, timber, cotton, coal, barley, wine and seafood have been targeted by Chinese authorities this year as tensions have escalated. www.abc.net.au
What's going wrong with our trade with China ? Why are our exportsTensions between China and Australia have been simmering for a while now and the rocky relationship could be about to head After hitting our barley and then our beef exports , now it seems China could be turning its back on a big chunk of What could happen to Australian exports today? www.abc.net.au
Australian exports hit record high despite slowing Chinese economyAustralia 's export boom has hit a new high despite mounting evidence the pulse in China 's industrial heartland is weakening. It is the third-largest surplus since the Australian Bureau of Statistics started compiling the data in 1971. Exports rose by 1 per cent to a record $37.5 billion, while imports fell 1 www.abc.net.au
China 's tariffs on Australian barley could see export market loseChina argued that Australian Government initiatives in the Murray-Darling Basin, which paid farmers to upgrade water infrastructure in return for giving But Trade Minister Simon Birmingham said that was "completely ridiculous", given the majority of export barley is grown in Western Australia , thousands
Australia - China trade stoush over coronavirus inquiry puts exportsKey points China is Australia 's biggest export market Australia has developed reasonable alternative markets such as South Korea and Japan Any sanctions or tariff hikes on Australian products will likely hit our grain, wine, dairy and
After barley, what next? Australian industries exposed if China tradeAustralia ’s four largest exports to China – $63bn in iron ore, $16bn in natural gas, $14bn in coal Wool exports have already suffered from a drop to a five-year low in sale prices because of a halt in While all Australian agricultural commodities rely to some extent on Chinese demand, the barley and
Australia won' t retaliate against China barley tariffs as minister saysThe new tariffs will cripple Australia 's barley exports to China , which are worth hundreds of millions of dollars. One analyst says a shipment to China has Australian farmers are expecting one of their largest winter crops this year and, after years of drought, many had hoped agriculture could lead the
China says exports and imports hit record highs in SeptemberThe country imported and exported a record amount of goods in yuan-denominated terms in September, Reuters reported Tuesday, citing a Global demand for Chinese medical supplies helped boost exports in the last several months. China was the first country affected by the pandemic, and
