Local winemakers have been left reeling from a 96 per cent drop in the value of their exports to China, as the country's top diplomat in Australia warns Chinese students and tourists will question whether to return to Australia after the pandemic | ...
China’s top diplomat in Australia has warned Chinese students and tourists will question whether to return to Australia after the coronavirus pandemic, raising the possibility of further trade blows to Australian goods.
“Some claim that the problems in bilateral trade ties resulted from China’s economic coercion against Australia. What a ridiculous and irrelevant argument,” he said at the Australia China Business Council briefing. “As the old saying goes, whoever tied the knot is responsible for untying it.”have hit local wine producers among the hardest of any industry.
These early signs mirror the informal restrictions placed on other industries, which can have a trickle-down effect from geopolitical tensions as Chinese importers become more reluctant to take risks on ordering Australian stock, fearful they will be blocked by their government at the border.