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Home VIDEO NEWS FROM AROUND THE WORLD

How Australia and China’s trade relationship broke down | CNBC Explains

by 198 China News
August 6, 2021
in VIDEO NEWS FROM AROUND THE WORLD
1 min read
44
How Australia and China’s trade relationship broke down | CNBC Explains
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China is Australia’s greatest buying and selling associate. Nevertheless, the once-strong commerce relationship between Australia and China has deteriorated, main China to ‘indefinitely’ droop financial dialogue in Could 2021. So, why did this as soon as affluent financial relationship break down? CNBC’s Timothyna Duncan is joined by Will Koulouris to discover the nations’ historical past as commerce companions and what the riff means for the way forward for world commerce.
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Tags: Australiabrokechina newschina news englishchina news todayChinasCNBCExplainsglobal newsglobal news todayglobal trade news 2021global trade news todayrelationshiptradetrade news chinatrade war news chinaworld china newsworld news china and us
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Comments 44

  1. a gani says:
    2 years ago

    Australia got plenty of financial benefits after trading with China in these few years. Let's see how the countries turn out after being ignored by China.

    Reply
  2. ky cheng says:
    2 years ago

    America is exporting recorded high coal to China, America has smart strategy to replace Australia. Business is Business

    Reply
  3. Mick Carson says:
    2 years ago

    Too bad, too bad, fools. Who wants to deal with criminals whose imports/exports is damaging the environment? How many ships and containers have sunk into the sea?

    Return manufacturing industries home for ourselves, f*** the imports/exports. This is what started worldwide environmental disasters that now most countries are awash from never-seen-before floods. It makes Noah floods look like a swimming pool. So, keep supporting and worshipping this industrial junk coming from China, send them billions yearly. Keep them the richest country on Earth, only Nature understand what will happen, but you, you… of all the education, all the schooling, all the learning and skill… and you, what are you doing to yourselves, what trade do you know, what did you go to Uni for? To make fish and chips when there are no high skilled jobs anymore? Or grow drugs and finish yourselves off? Does it make sense? Don't answer if you're into drugs and hopeless. Answer if you still have a piece of intelligence your grandpa used to at keeping Australia's industry for Australians. What happened to our car industries? Your fault for buying chinese made tinnies on chariot wheels that have such bright head light that blind a Mule a mile away.

    Reply
  4. X Y Z says:
    2 years ago

    Dont trade with each other! No Trade War , no Hot War, equals PEACE!

    Reply
  5. Ryan H. says:
    2 years ago

    It started with a bark. Then more barks. Its annoying. So actions are taken. The dog just cried and run to its master.

    Reply
  6. Leehin Thian says:
    2 years ago

    CHINA should destroyed AUSTRALIA economy – to make them understand never bite the hand that feed U . Let them report to WTO about trades but its a free market economy – if U have money U can buy anywhere in the free world .

    Reply
  7. Who T says:
    2 years ago

    I see bunch people here that would gladly sell their basic value, freedom, and soul to China for money… no wonder China is treating Australia as such, no respect! why take responsibility for release a deadly virus to the world when so many are eager to bow down and beg… sad indeed.

    Reply
  8. Bot Neo says:
    2 years ago

    Wait till 2025 by then China will able to diversify it's Iorn ore imports
    Anyways Australia will also able to diversify it's exports
    Why even bother about involving WTO 🤓

    Reply
  9. Necor Vartem says:
    2 years ago

    so basically australia tried to stab china in the back and it went wrong and now australia is bitchin about it.

    Reply
  10. Tourist Gaming Session TGS says:
    2 years ago

    U forget to mention US/ Canada etc… are filling Australia gap in China…. Dats what u call friends 😂😂😂

    Reply
  11. Station 22 says:
    2 years ago

    Oh dear Australia 😂😂😂

    Reply
  12. Oskar Torgersen says:
    2 years ago

    Incredible how many shills china pays to comment on youtube. Tianaman Square Massacre

    Reply
  13. Jim Rule says:
    2 years ago

    You would get fired if working private enterprise losing big trading account or you would bring some
    Won who can handle communicating skills
    You don't have exquisite you have answer

    Reply
  14. Barry Lim says:
    2 years ago

    Australian verbal diarrhoea got them in this shat!!! 😂

    Reply
  15. Jim Rule says:
    2 years ago

    Look what happening in Hong Kong
    China is housing the homeless and poverty in Hong Kong is going to be better off with China help

    Reply
  16. Jim Rule says:
    2 years ago

    It all about America beening number one to be number one you do what CHINA has done spent big on education and send there students around the world pickup the best in education and research
    Plan your economy for middle income not low income. Just look at yourself you have people living in poverty and homeless and and homeless and killing that us human rights abuses get your own house in order stop and start planning a prosperous future for your people

    Reply
  17. very chinese2 says:
    2 years ago

    AUSTRALIA IS NOT STUPID NOT NAIVE JUST ARROGANT JUST WHITE

    Reply
  18. 불멸자연합 says:
    2 years ago

    The laws will have to be tweaked before Australia's political and administrative authorities are put into trouble by many Chinese in Australia.
    This is exactly what China used to do when it acquired Xinjiang Uyghurs.

    Reply
  19. 三无 says:
    2 years ago

    Misleading news

    Reply
  20. Fadly A. Rahman says:
    2 years ago

    China buy Australian wine wholesale at 3 times it's normal price. China consider Australia their friend back then. But then that Sinophobic Morrison took the helm and started antagonizing China. Ironically, Australia need that money from China to finance Australian's weapon program that was intended to counter China.

    Reply
  21. Douglas Wong says:
    2 years ago

    Australian constantly think the process of maximise the extracting iron oxides from iron ores will stay at present, science constantly improve so with time guess what, doesn’t where on earth the iron ores comes from, good luck Australian iron ores.

    Reply
  22. Douglas Wong says:
    2 years ago

    Put it on the simple term
    Australia don’t want the Chinese market
    Australia love the US market, European and Indian

    Reply
  23. Douglas Wong says:
    2 years ago

    Good luck softening, just like an old man would

    Reply
  24. Huang ZB says:
    2 years ago

    You can't expect intelligent decision be made descendants of exiled convicts and pirates.

    Reply
  25. Bo Knows says:
    2 years ago

    don't shit where you eat, which Australia Scott Morrison seems not knowing

    Reply
  26. HC Lau says:
    2 years ago

    14 Western White countries following the lead of USA will never accept the results of any investigations unless the results agree with their pre-determined declaration. This is pure bull.

    Reply
  27. HC Lau says:
    2 years ago

    Australia chose to be the mongrel dog of the US, barking at China. This is not anything that relates to the nefarious "Australian values". Thst is just an excuse. The "Australian Values" did not have Oz condemning Saudi Arabia for decades in which it oppresses women. Is also didn't have Oz condemning any of the Oil Rich Arab monarchy that deny democracy or rights of women. If this is what Australia choose, then so be it. Don't try to spin it.

    Reply
  28. Xxx Wang says:
    2 years ago

    Morrison doesn't care, he only cares about votes and election. He bites China harder, more mindless people vote him. That's politics.

    Reply
  29. Ria Rio says:
    2 years ago

    Australia is a great country on its own.
    Please Australia, do everything that pleases you.
    You don't have to get told what to do by your big daddy USA.

    Reply
  30. sky queen says:
    2 years ago

    Bravo AUS!

    Reply
  31. guess who says:
    2 years ago

    The Solution is quite simple. Countries need to pivot and not rely on china, better yet don't do any business at all with China.

    Reply
  32. Ong Chinlam says:
    2 years ago

    Australia should learn from New Zealand how to poke Dragon Eye.

    Reply
  33. onepunch oldman says:
    2 years ago

    Australia , irrelevant piece of feces eating everything McDonald throw at it

    Reply
  34. Brian Barkhouse says:
    2 years ago

    Apparently all that medicine you were dishing out isn't quite as delicious when it gets dished back.

    Reply
  35. Lek Lek Tan says:
    2 years ago

    Morison think the Chinese are that stupid to feed a dog that bike his hands..
    No one will interfere with your decision on your territory. A simple common sense

    Reply
  36. Sunny Coco says:
    2 years ago

    Can Australia survive without kowtowing to China?

    Reply
  37. Samy Persia says:
    2 years ago

    WTO is not a good mediator because China simply can buy its officials. Like it did with WHO

    Reply
  38. Yee Ooi says:
    2 years ago

    The Australian government, egged on by the national broadcaster ABC, which has a particular dislike of the Chinese, went out of their way to insult the Chinese.

    Reply
  39. rajeshkumar limbu says:
    2 years ago

    well done Australia china is on the knee now and also crippling no way china Australia relationship will go back again until this planet exist but India is the closet friend will trade batter

    Reply
  40. Ong Chinlam says:
    2 years ago

    Australia. UK. Canada & USA must learn from New Zealand how to poke Dragon Eye.

    Reply
  41. Ong Chinlam says:
    2 years ago

    WHO should send a teams to investigate USA Fort Detrick Lab. Unit 731

    Reply
  42. Lee Kahei says:
    2 years ago

    Is it why I could never found Aus product in China now? So sad Aus..

    Reply
  43. eric yeo says:
    2 years ago

    Australia need to wake up in trades between countries. If US can unilaterally hike tariffs on China and why China can't for the same purpose.

    Buying and selling is subject to both traders agreeing to make deals. There is no such things that it has to be this or that because traders are free to decide where and who they want to buy the goods and vise versa. Simple as that…..

    Maybe the Australian politicians do not understand that PR is the pillar of relationships for any cooperation. Then they should consult with business operators before making any political issue.

    Reply
  44. Ohmmani Van Mehum says:
    2 years ago

    Support Australia from South Korea ♡

    Reply

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