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

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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.In particular, thermal coal exports to China surged 122% in March from a year earlier to $238 million. Shipments of iron ore lump and iron ore fines to China also jumped 28% and 22.5%, respectively, to $380 million and $973 million.

In early 2020, then-Australian Prime Minister Scott Morrison called for an independent investigation into the origins of Covid-19 -- first identified in the Chinese city of Wuhan -- which threatened to challenge Beijing's narrative of the outbreak. 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.

Australia is among China's largest supplier of commodities. It accounted for more than one fifth of China's thermal coal imports before the trade restrictions were imposed.

 

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