Australia's relations with China soured after it banned Huawei from its 5G broadband network in 2018 and cooled further after Canberra called for an independent investigation into the origins of COVID-19, first reported in China last year."It is no secret that China has recently sought to target Australia's economy," Frydenberg said in a speech in Canberra.Frydenberg said businesses should look at new markets, which have been opened as a result of recent free trade agreements.
Australia's A$2 trillion economy is at risk of entering its second recession in as many years as its largest states are in prolonged COVID-19 lockdowns. Despite the diplomatic tensions, exports to China hit a record A$19.4 billion in the 12 months to July 31, up 72% from the prior 12-month period on the back of strong iron ore demand.Our Standards:Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
No doubt. After this Carnage event, countries need to Wake up.
Time for the world to open it’s eyes and kick China to the curb! Stop supporting the new Hitler “xi jiping” !
Your trading history shows that it is easier said than done.
Vassal Australia is falling for the US tactic in pitting nations against nations. The US want Australia to lose economic support in effort to retard its progress.
As long as Australia is still on the earth, it seems that it will not be able to get rid of its dependence on China in the next 100 years. It's a headache ~ 只要澳大利亚还在地球，未来100年好像它都摆脱不掉对中国的依赖。这很让人头疼～
If Australia don't show enough respect. China may find different supplier any time. The world is big enough
Rely on US, you will have more and bigger problems.
Last year, New Zealand's exports to China exceeded that of Australia. China also needs to increase import diversity. There is no need to buy only Australian products.
American pug
USA: Thanks to Australia to make its trade share.
支持，澳大利亚加油
I think there is a possibility that any country that is dependent on China for money is going to be in some serious trouble sometime soon.
Are they gonna use martial law to enforce that, too?
Should have done like 10 years ago...
Too late. Another perfect example that gov workers are always behind the curve.
Vegemite is the answer
Australia is in a flat spin!
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