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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.

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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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