India
China ‘desperately needs’ Australian iron ore
Sky News Business Editor Ross Greenwood says Australia proper now economically is just not feeling any affect from China’s commerce bans as a result of they desperately want our iron ore.
China imposed tariffs and bans on a mess of Australian items together with wine, barley and beef.
“They’re (Australian exporters) finding other markets. Japan, Korea, Indonesia, Malaysia – areas in our region that want our goods and services,” Mr Greenwood stated.
“The fascinating half about that is it hasn’t had a huge impact on our financial system but, these clampdowns by China.
“Mainly because the iron ore price, which they desperately need and can’t get anywhere else.”
