Record Export Growth for Australia in China as Trade Barriers Ease
As the diplomatic thaw between the two nations continues, Australian exports to China have increased to previously unheard-of levels in March. Australia’s exports have increased significantly as a result of China’s increased imports of iron for its steel sector and its lowering of restrictions on the transport of thermal coal. It is thought that the two nations’ commerce has reached a new high, which is a good development for their diplomatic relationship.