China is by far Australia's largest trading partner, accounting for 39.4% of goods exports and 17.6% of services exports between 2019 and 2020, research firm Capital Economics said.
The national flags of Australia and China are displayed before a portrait of Mao Zedong facing Tiananmen Square.Australia's economy has been badly hit by escalating trade tensions with China — and it's possible growth might "never return" to its pre-virus levels even when the pandemic is over, according to research firm Capital Economics.
But Beijing has for months been targeting a growing list of imported products from Down Under — putting tariffs on wine and barley, and suspending beef imports.
The US should create a NotChina trade pact w/the growing of nations that now realize exactly what the CCP is all about. Hit 'em where it hurts & stop their predatory trade and currency practices. We should also hold them financially accountable for the damage caused by COVID.
China out here black balling and flexing muscle, it’s not going to end well for China , GOD is going to make sure of it ! 😉
Australia is gonna be fine, their Canadian and American friends will take over for them to sell to China, everyone will be Okay!
On a positive note, I hear lobster is cheaper than bread right now in Sydney
Are you an arm for the CCP?
Some countries are wise when they have a boom. abcnews SkyNewsAust GuardianAus
Lol cnbc a subsidiary of the global times.
How about we admit your parent company among others is compromised by China?
We should all cut off China and watch them crumbled
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.