Treasurer calls on China to end bans on Aussie goods

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Speaking at the G20 finance summit in Bali, Chalmers called for change from China. 9News

"It should extend to the restrictions that are placed on some of our other exports as well in the interests of our employers and our exporters here in Australia," he said.Russian Director of the Financial Stability Department of the Bank of Russia Elizaveta Danilova, left, and Russian Deputy Finance Minister Timur Maksimov, right, attend the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia.

Experts say if the coal ban is overturned it will be about helping heal China's economy not its relationship with Australia. "I think if we misread it and see it as some kind of olive branch to Canberra, we're making a fundamental error," Chris Richardson from Deloitte Access Economics said. Finance minsters and central bank bosses from 20 major economies including Australia met in Indonesia but crucial talks on the global cost of living crisis ended in a stalemate."That anger is white hot in the international community, primarily because of the human cost of this illegal and immoral and unjustified invasion of Ukraine," Chalmers said.

Richardson said no one could argue Russian President Vladimir Putin's war in Ukraine was not the root cause of the inflationary spiral."It's a bit like you're having a neighbourhood watch meeting about burglaries occurring in your suburb," Richardson said.Continue reading

 

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And China laughed in his face

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