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.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
