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Well not great surprise here China is willing to let its own citizens suffer to try teach Australia a lessen
https://www.news.com.au/finance/bus...n/news-story/8e888701f2766097a7658ee86a0495c8
China’s savage trade war with Australia has brought a string of industries to their knees – but now, it appears the feud has also spectacularly backfired for Beijing.
In recent weeks, the superpower has rolled out harsh restrictions on many Australian sectors, including wine, timber, barley and lobsters.
Aussie coal has also been unofficially banned since October, with steel mills and power companies apparently told to steer clear.
It has also emerged that more than 60 ships carrying thermal and coking coal are stuck off China’s coast, unable to unload almost $700 million worth of Australian goods.
According to The Australian, power shortages are increasing in China with millions of citizens resorting to rationing their heating over winter and avoiding using elevators.
“You cannot pretend that bad relations between China and Australia haven’t contributed to this situation,” a Chinese energy insider told the publication.
Last year, Australia supplied more than half of China’s thermal coal imports for power stations and more than 40 per cent of the nation’s imports of coking coal.
According to Garda World, the world’s largest privately owned security services company which offers business solutions, electricity shortages are expected to affect parts of Hunan, Jiangxi, and Zhejiang provinces until early February 2021.
That could lead to temporary commercial and communications disruptions, including mobile phones, as well as traffic disruptions caused by malfunctioning traffic signals and train delays due to impacted signalling devices or overhead wires.
Supply chains and essential services like ATMs and gas stations could also be disrupted, with officials ordering a number of factories to operate during non-peak hours only.
https://www.news.com.au/finance/eco...s/news-story/dab675a81609d1836c791e4e5688e2f5
Earlier this year China imposed an 80 per cent tariff for five years on the $600 million of annual barley exports from Australia over dumping claims.
China imposed an 80 per cent tariff on barley imports from Australia earlier this year. Picture: Richard Wainwright/AAPSource:AAP
Trade Minister Simon Birmingham has strongly denied these allegations and repeatedly called on China to resolve the matter.
Earlier this year, Mr Birmingham also suggested the tariffs would also prove detrimental to Chinese consumers, pointing to research from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
Modelling showed Australian farmers would likely see a loss of about $330 million, while China could potentially see a loss of $3.6 billion due to its reliance on Australia’s quality barley for brewing beer.
“With Australia’s agricultural production diverted to other activities, exports of other agricultural products in 2025 are estimated to increase,” the ABARES report stated.
“This means the value of Australia’s total agricultural exports (to all countries) would fall by less than what is lost in the trade with China.”
The report claimed the tariff on Australian barley would see Chinese buyers shift to alternative sources for malting barley, which would likely result in lower returns for their products.
“The need to find alternative supplies of barley leads to an increase in demand for Chinese-grown barley. In response, Chinese agriculture shifts towards a less efficient production mix of coarse grains (corn and barley), which further compounds the effect of the tariff,” the report states.
No great surprises there, they just plan on being able to suffer longer than Australia because they don't give a shit about their own people. Hopefully we man up, now is the time
https://www.news.com.au/finance/bus...n/news-story/8e888701f2766097a7658ee86a0495c8
China’s savage trade war with Australia has brought a string of industries to their knees – but now, it appears the feud has also spectacularly backfired for Beijing.
In recent weeks, the superpower has rolled out harsh restrictions on many Australian sectors, including wine, timber, barley and lobsters.
Aussie coal has also been unofficially banned since October, with steel mills and power companies apparently told to steer clear.
It has also emerged that more than 60 ships carrying thermal and coking coal are stuck off China’s coast, unable to unload almost $700 million worth of Australian goods.
According to The Australian, power shortages are increasing in China with millions of citizens resorting to rationing their heating over winter and avoiding using elevators.
“You cannot pretend that bad relations between China and Australia haven’t contributed to this situation,” a Chinese energy insider told the publication.
Last year, Australia supplied more than half of China’s thermal coal imports for power stations and more than 40 per cent of the nation’s imports of coking coal.
According to Garda World, the world’s largest privately owned security services company which offers business solutions, electricity shortages are expected to affect parts of Hunan, Jiangxi, and Zhejiang provinces until early February 2021.
That could lead to temporary commercial and communications disruptions, including mobile phones, as well as traffic disruptions caused by malfunctioning traffic signals and train delays due to impacted signalling devices or overhead wires.
Supply chains and essential services like ATMs and gas stations could also be disrupted, with officials ordering a number of factories to operate during non-peak hours only.
https://www.news.com.au/finance/eco...s/news-story/dab675a81609d1836c791e4e5688e2f5
Earlier this year China imposed an 80 per cent tariff for five years on the $600 million of annual barley exports from Australia over dumping claims.
China imposed an 80 per cent tariff on barley imports from Australia earlier this year. Picture: Richard Wainwright/AAPSource:AAP
Trade Minister Simon Birmingham has strongly denied these allegations and repeatedly called on China to resolve the matter.
Earlier this year, Mr Birmingham also suggested the tariffs would also prove detrimental to Chinese consumers, pointing to research from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
Modelling showed Australian farmers would likely see a loss of about $330 million, while China could potentially see a loss of $3.6 billion due to its reliance on Australia’s quality barley for brewing beer.
“With Australia’s agricultural production diverted to other activities, exports of other agricultural products in 2025 are estimated to increase,” the ABARES report stated.
“This means the value of Australia’s total agricultural exports (to all countries) would fall by less than what is lost in the trade with China.”
The report claimed the tariff on Australian barley would see Chinese buyers shift to alternative sources for malting barley, which would likely result in lower returns for their products.
“The need to find alternative supplies of barley leads to an increase in demand for Chinese-grown barley. In response, Chinese agriculture shifts towards a less efficient production mix of coarse grains (corn and barley), which further compounds the effect of the tariff,” the report states.
No great surprises there, they just plan on being able to suffer longer than Australia because they don't give a shit about their own people. Hopefully we man up, now is the time
