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China has formally banned Australian coal in a huge escalation of the trade war
On Monday evening, the Morrison government was seeking clarification over reports that China, the country’s largest trade partner, would cease buying Australian coal, while lifting import restrictions on other nations. In a newspaper article with the headline “Australia shut out of new China coal policy”, state media outlet The Global Times reported that China had replaced Australia with other major exporters. “China’s major coal import source countries used to be Australia, Indonesia, Russia and Mongolia. Since Mongolia has a geographic advantage that allows lower transportation costs than any other ... (full story)
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