China's 'political pressure' on Australian trade isn't working, treasurer says
CNN
Tensions between China and Australia have taken a $4 billion toll on the important trading partnership, but Canberra says its economy has proven "remarkably resilient" as other countries moved to fill in the gaps.
Australian Treasurer Josh Frydenberg on Monday claimed the Chinese government has failed to seriously impact the country's economy through a series of punitive measures on exports. The trade dispute has escalated since April 2020, when Prime Minister Scott Morrison called for an international inquiry into the origins of Covid-19. "I am not downplaying the impact of China's actions. They have hurt specific industries and regions, significantly in some cases. Nevertheless, the overall impact on our economy has, to date, been relatively modest," Frydenberg said at the Australian National University. "This is perhaps surprising to many."
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