ITS ABOUT THE CASH NOTHING ELSE.
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What's Happening With Chinese Trade Restrictions on Australia?
For several months now, there has been press commentary (or perhaps speculation would be a more appropriate description) surrounding China having banned/been in the process of banning coal imports from Australia. This is significant because not only is China Australia’s largest trade partner (buying around a third of Aussie exports), it’s also by far the largest importer of coal in the world. And the majority of this coal is sourced from Australia. Join our responsible trading community - Open your Orbex account now! Last year, Australia exported $27.2B in coal. This makes itthe second largest export for the ... (full story)