Australia's exports to China hit record high as relations thaw | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Australia’s exports to China hit a record high in March

, as Chinese buyers snapped up Australian commodities from coal to iron ore amid a thaw in bilateral relations. The country’s shipments to China reached 19 billion Australian dollars in March, up 28% from the previous month and 31% from the same period a year ago, according to data released by the Australian Bureau of Statistics on Thursday. The monthly number is the highest since records began in 1988.

The Chinese government said Morrison’s request was “political manipulation,” and since then imposed a series of trade restrictions on Australian products, including barley, lobsters and coal. But the frosty relationship has shown signs of thawing since last year when the Labor party swept to power in Australia. Earlier this year, Beijing removed all remaining curbs on Australian coal imports, ending an unofficial ban.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Volkswagen's EV sales surge 42% despite slump in China | CNN BusinessVolkswagen says it won't cut prices to hold onto market share in China, where sales of its electric vehicles plunged in the first quarter amid intensifying competition.
Source: cnni - 🏆 326. / 59 Read more »