China’s Hunger for Iron Continues to Underpin Australia’s Economy
Last month, Australia funnelled more than a third of all its exports to feed China’s insatiable appetite for iron ore.
Recent Australian Bureau of Statistics (ABS) data revealed that June saw a record month in history as exports of the Australian ore to the Chinese communist regime reached an unprecedented $15 billion (US$11 billion).
This was out of $19 billion (US$14 billion) of shipments sent to China, breaking further records as Australian exports surpassed $40 billion (US$30 billion) in June alone.
China even splurged on its second largest acquisition of Australian gold bullion worth $850 million (US$625 million), almost double what it had imported in May.
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Beer Me Up, Scotty: Aussie PM Backs Pub s Free Pints for Jabs Offer
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As it happened: Govt looking at making QR code scanning mandatory in high-risk locations Newshub 1 hour ago © Newshub Watch: The Prime Minister and COVID-19 Response Minister addressed media.
The Government on Sunday extended COVID-19 restrictions in Wellington for a further two days.
Greater Wellington moved to COVID-19 alert level 2 last week when a Sydney tourist tested positive for COVID-19 after returning from a trip to the capital last weekend, with officials believing he caught the virus before arriving in Wellington.
COVID live - Govt looking at making QR code scanning mandatory in high-risk locations
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Across the Tasman, Sydney residents are being warned its latest COVID-19 outbreak will get worse before it gets better - with cases forecast to surge in the coming days.