News

China state media threatens Australia’s industries to suffer further

Chinese Global Times with further threats against Australia. 

The background to this is:

  • China has effectively blocked imports of certain Australian goods via administrative measures, usually restrictive customs inspections
  • China has raised tariffs to make certain Australian goods too expensive for purchase
  • Chinese SOEs are cutting purchases of Australian products

South Korea and Japan have been through similar with China. Its economy is massive and it uses its consumers as a weapon to punish other countries that act against its interests. Chinese consumers are also big losers in such flexing. 

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