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Australia s exporters weather China squall, find new harbours

Australia s exporters weather China squall, find new harbours Reuters 4/02/2021 By Wayne Cole © Reuters/David Gray FILE PHOTO: A container ship sails from the Port Botany Container terminal in Sydney, Australia By Wayne Cole SYDNEY (Reuters) - Australia s trade surplus rose to a six-month high in December as iron ore exports to China easily weathered diplomatic squalls between the two countries, while coal shipments found new buyers beyond the world s second-largest economy. China s reliance on steel-intensive infrastructure and construction to sustain economic growth means it has little choice but to keep importing Australian iron ore, even as prices for the mineral hit multi-year highs.

Australian exports feel China chill, while housing runs hot

Australian exports feel China chill, while housing runs hot Reuters 7/01/2021 By Wayne Cole By Wayne Cole SYDNEY (Reuters) - Australia s trade surplus narrowed in November as China curbs on coal and farm goods took some steam out of exports, while a rebound in the domestic economy sucked in record goods imports. Other data out on Thursday showed Australia s property market roaring back to life with approvals to build new houses hitting the highest in two decades. Figures from the Australian Bureau of Statistics showed the country s trade surplus contracted to A$5 billion ($3.90 billion) in November, from A$6.6 billion the month before.

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