Australia nervous at losing Chinese market

Chinese analysts believe the reported visit of Australian ambassador to China to the 3rd China International Import Expo (CIIE) in Shanghai, reflects Australia’s need for the Chinese market amid worsening diplomatic ties and its economic consequences.

The Australian Ambassador to ChinaGraham Fletcher is reportedly to visit the CIIE, according to media reports. The visit came after China halted seven categories of Australian goods from the market.

But analysts warned that Chinese consumers’ confidence in Australian products would significantly drop if Australia continues to sabotage bilateral relations, which would cost Australia its best and biggest market, jobs and an opportunity to quickly recover from the pandemic.

Fletcher’s trip came after Bloomberg News report that China had asked traders to stop purchasing at least seven categories of Australian products – coal, barley, copper ore and concentrate, sugar, timber, wine and lobsters. The “most sweeping” halt will begin on Friday.

Read more:https://www.globaltimes.cn/content/1205750.shtml

Leave a Reply

Your email address will not be published. Required fields are marked *