Fierce trade war set to thaw as China imports Australian coal for the first time in years

Fierce trade war set to thaw as China imports Australian coal for the first time in years


»Fierce trade war set to thaw as China imports Australian coal for the first time in years«

China will accept Australian coal shipments for the first time in nearly two years as the trade conflict between the two nations begins to ease.

China will allow imports of Australian coal after almost two years in a symbolic bid to repair ties (pictured is Chinese President Xi Jinping on left with the President of the Phillipines)
Thursday, customs officials in the coastal province of Guangdong cleared Australian coal shipments, just days after Chinese state-owned enterprises obtained permission to place orders.

After a standoff with the former government led by Scott Morrison, Australian coal will arrive in China for the first time since 2020.

The breakdown in ties can be related to the Morrison administration’s demand for an independent investigation into the origins of Covid-19.

China will permit shipments of Australian coal for the first time in nearly two years in an effort to mend relations Prime Minister Anthony Albanese (pictured with his partner Jodie Haydon) and Chinese President Xi Jinping met for the first time in November last yearctured is Chinese President Xi Jinping on left with the President of the Phillipines)

The Australian reported that the first shipment is anticipated to arrive as early as this month as China seeks to rebuild its economy following the outbreak.

In 2021, China imported coal from the United States, Indonesia, and Russia, as opposed to Australian coal.

China will maintain restrictions on wine, barley, and lobster that were imposed following the signing of a security pact by the United States, the United Kingdom, and Australia.

There is optimism that these restrictions will be eased once four Chinese power companies begin purchasing Australian coal on April 1.

Premier Anthony Albanese and Chinese President Xi Jinping met for the first time in November of last year, while Penny Wong and her colleague Wang Yi met in December in Beijing, the capital of China.Prime Minister Anthony Albanese (pictured with his partner Jodie Haydon) and Chinese President Xi Jinping met for the first time in November last year

In November of last year, Australian Prime Minister Anthony Albanese (shown with his partner Jodie Haydon) and Chinese President Xi Jinping met for the first time.

However, China’s envoy to Australia, Xiao Qian, has warned that if Australia continues with the US military deals, it will have a terrible effect on local employment.

“If that occurs, it will not serve the interests of Australians,” he stated. Perhaps it will serve the interests of other nations.

According to reports, China has offered to end the trade war provided Australia withdraws its complaints to the World Trade Organization regarding bans on specific items.

However, this offer appears to be contingent on Chinese concerns over Australia’s planned military upgrades, including a $70 billion nuclear submarine fleet and a $558 million order to purchase HIMARS missile launchers.

This month, the first cargo of Australian coal is anticipated to arrive on Chinese soil (pictured is the Blair Athol mine in Moranbah in Queensland)

This week, an influential Chinese government-run tabloid advised Australia to back off or suffer catastrophic consequences.

An editorial in China’s Defense Times stated, “We still have concerns about lifting the sanctions against Australia.”

“Although China and Australia have resumed dialogue, the Australian government has not demonstrated the level of sincerity we would like to see in its desire to truly improve relations.”

On the military level, China has become increasingly cooperating with the United States. The United States desires to limit China’s ambitions in the Asia-Pacific area.

In November, Prime Minister Anthony Albanese met Chinese President Xi Jinping, and Foreign Minister Penny Wong met with her counterpart in Beijing.

The United States always desires to station rockets, bombers, and other armaments in Australia.

The Australian government’s action has a negative impact on the already shaky Sino-Australian relationship.

Ambassador Xiao stated that the outlook remained positive and praised the new Chinese year of the rabbit as an opportunity to “leap over obstacles and into good fortune.”

He stated that Australia’s mindset had shifted from one of falling behind to one of stability, and from stability to one of improvement or even development.

He continued, “I hope that as our relations improve, we will be able to encourage Chinese companies to return [to purchasing from Australia].”


»Fierce trade war set to thaw as China imports Australian coal for the first time in years«

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