As a senior Chinese minister visits Canberra, industries have hailed a potential end to Beijing’s trade sanctions.
Australia China Business Council president David Olsson said business was taking heart at the improvement in the bilateral relationship.
“No one is expecting that this will return to what it was in the past, but the business environment is becoming a more welcome and slightly more certain environment.”after the $1.3 billion export marketBut the lucrative profit margins, sheer size of the China market and the oversupply of red wine left after a shutdown of Australia’s most profitable export channel means they would reignite sales to China, but be more careful about diversifying more.
“I think the Australian industry will be more gun shy but definitely the China market is too big to ignore,” he said.
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