….and of course Australia is a significant mineral resource supplier to China.
One only has to look at the sheer number of Chinese ore carriers waiting to load in the Northern Territories. They have also of course, "Acquired access" by buying out the Port of Darwin.
In 2015, the Chinese-owned Landbridge Group won the bid for a lease of Port Darwin. The Northern Territory Government granted the company a 99-year lease for A$506 million.
The question is whether the market for Chinese products will continue post COVID. Personally I see a punitive tariff framework coming to the fore.
IG