Beijing has instructed the owners of more than $1bn of banned Australian coal to find new buyers outside China, as President Xi Jinping’s administration scuttles the $14bn export trade and ramps up pressure on the Morrison government.
The Australian has learned that Beijing authorities have recently made clear to the owners of nearly 8 million tonnes of Australian coal floating on 73 ships that their cargo will not be unloaded in China.
Beijing’s decision will worsen the humanitarian crisis for the 1500 sailors on board, most of whom have been stranded off the Chinese coast since June.
Gaurav Singh, a navigation officer on the Anastasia, which is stuck off the Chinese port of Caofeidian, said: “There is no chance Australian cargo will be offloaded in China. We don’t have any hope.”
The new Chinese orders are a huge blow to Australia’s thirdbiggest export industry, which had hoped the ban would be lifted in the new year as China reset its informal import quotas.
The edict may inflame trade tensions after Treasurer Josh Frydenberg banned a $300m bid by China State Construction *Engineering Corporation for *Australian-based builder Probuild, another sign the nine-month bilateral stoush remains at fever pitch.
Latest thing today china has suggested australian cherries are not good quality sales have caughtvthe down escalator they will bannthem entirely soon.
Think its $15 million industry sell8ng to china. Big deal you say well it is if your a cherry grower
Jan 13, 2021 | 17:58
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The ChiComs will hack your next election, then your new socialist government will make nice and do all they can to suck up to them, just like our PM Blackface does here. Mean while they'll get your coal via Vietnam or Cambodia or Thailand or some other South Asian country(the same way they bought our canola, AT A LOWER PRICE). Eventually the ChiComs will allow your new leftwing government to make up with them, and when the coal starts rolling again, your new government will be the countries hero's. And while all that's happening, no one will even notice that your government has changed their position on China and 5G, but oh well.
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