China’s Commerce Ministry: Willing to discuss basic issues that concern Australian-Sino trade
|When asked if China will recommence the import of beef and barley from Australia, Shu Jueting, a spokesperson at China’s Commerce Ministry, said at a regular news conference that “China is willing to discuss basic issues that concern both nations.”
When asked if restrictions on the import of Australian coal have been lifted, he said “they can apply for coal import license normally.”
Additional comments
“Will continue to push for the relaxation of market access for foreign investment.”
“Will steadily expand institutional openness.”
“Local govts and firms say less orders remain the biggest challenge for 2023 trade development.”
Market reaction
AUD/USD has picked up fresh bids in early European trading, rising above 0.6650. The pair is adding 0.64% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.