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No not to zero, I believe Australian exports to China went from 45% to 37% in 1 year. I have the article link posted in one of my comments below. In retro my us
by coffeecantcode 3y ago
No not to zero, I believe Australian exports to China went from 45% to 37% in 1 year. I have the article link posted in one of my comments below. In retro my use of the word ban makes it seem expansive and absolute but really it just resulted in billions and billions of dollars redirected or lost.
Edit: https://www.wsj.com/world/asia/china-says-australias-exporters-can-come-back-some-say-no-thanks-5bcf5d27?st=4k1y248zy6iw4rh&reflink=article_copyURL_share https://www.wsj.com/world/asia/china-says-australias-exporte...
- xbmcuser 3y agoIt will move the other way in a year very soon
- nradov 3y agoWith the collapse of Evergrande and other large Chinese real estate developers, who will buy all of that steel?
- JumpCrisscross 3y ago> will move the other way in a year very soon China is grappling with deflation [1]. It is likely they’re in a recession, at least in sectors relevant to housing demand. Given the state of regional government and developer finances, I don’t see where this de novo steel comes from. [1] https://www.cnn.com/2023/11/09/economy/china-deflation-october-consumer-prices-intl-hnk/index.html https://www.cnn.com/2023/11/09/economy/china-deflation-octob...
- andyferris 3y agoProbably worth mentioning China kept buying the iron ore (it seems out of need), so this isn't about steel. Trade of coal and many other goods were restricted; there is now an anticipation that exports of wine, coal, lobsters, etc will rebound.