Prices have surged in the past few weeks with Chinese processors boosting purchases to meet an expected jump in apparel demand after a coronavirus-related slump.
Underpinning the recovery has been an aggressive containment of the coronavirus that has allowed factories to quickly reopen and capitalise on a global rush for medical equipment and technology.
The McGowan and Morrison governments have traded barbs, blaming each other as crew from two more ships berthed at Geraldton and Fremantle tested positive for coronavirus.
Joe Spagnolo & Peter Law
A Liberal senator who insisted Australian citizens with Chinese heritage denounce the Chinese Communist Party has been accused of doing further damage to Australia’s relationship with Beijing.
Farmers working to build up the Kimberley’s burgeoning cotton industry are confident they will survive despite China’s order to its mills not to buy from Australian producers.
Chinese spinning mills have been told to stop buying Australian cotton and the $2b-a-year industry could soon face hefty tariffs.
Annabel Hennessy and Sarah Ison
The Australian Government wants more answers from Chinese over the reason for its ban on barley shipments from CBH.
China’s reliance on Pilbara iron ore will likely prevent it from being used as a lever in trade tensions between Australia and its biggest trading partner, according to local miners.
Chinese steel mills and power plants have reportedly been told to stop using Australian coking and thermal coal.
In a veiled swipe against the Federal Government’s handling of its relationship with China, the WA Premier has warned against Canberra acting ‘recklessly’.
Federal Agriculture Minister David Littleproud says it’s up to WA barley growers to diversify into new markets rather than expect a handout.
Young tradies will have 50 per cent of their wages covered by the taxpayer through to September next year under a $1.2 billion Federal Budget injection to get youth into work and create 100,000 jobs..
Lanai Scarr and Steve Butler
China’s acting consul general to Perth Madam Jin Qian has praised WA — saying it will ‘never forget the friendship of Western Australia’ amid the coronavirus pandemic.
The value of Australia’s resources and energy exports will sink by $34 billion this year after posting a record last financial year, according to new Federal Government forecasts.
Prices have regained ground since China slapped hefty tariffs on Australian barley in May, and are now trading above their long-term average.
Australian winemakers fear they could be hit with a huge tariff hike if China’s anti-dumping probe goes against them.
The MoU will allow Rio to also use the Chinese port as a transhipment hub, which could help better serve steel mills in China’s north.
The MSC Mia is one of the biggest container ships in the world and makes thousands of trips between China and the US each year. Here’s why it represents how vulnerable Australia really is.
Ben HarveyChief Reporter
One of Australia’s most influential business leaders says the nation must be ‘careful’ with what it says to China as the Communist state flexes its muscle to fill the ‘vacuum left by a retreating US’.
While the ruling handed China a victory on paper, it means little since the US already hobbled the WTO by dismantling its panel that oversees the appeals process.
The McGowan Government has struck a deal with one of Vietnam’s wealthiest provinces to strengthen business and investment opportunities.
China has put Australia on notice over wheat shipments, warning of enhanced inspections, after suspending CBH from supplying barley.
Simon Birmingham says the Government is working to open up as many market options as possible for Australian agriculture.
Wesfarmers chairman Michael Chaney says Australia must walk a tightrope between maintaining a good trade relationship with China and standing up for our own interests.
Danielle Le Messurier
© West Australian Newspapers Limited 2020