China’s Commerce Ministry: Willing to discuss basic issues that concern Australian-Sino trade

China’s Commerce Ministry

Shu Jueting, a spokeswoman for the Chinese Commerce Ministry, responded during a routine news conference when asked if China will resume importing beef and barley from Australia, saying “China is eager to discuss essential problems that concern both nations.”

He responded, “They can apply for coal import licence normally” when asked whether limitations on the import of Australian coal had been eased.

Further observations
“Will keep pushing for the opening of the market to international investment.”

“Will gradually increase institutional transparency.”

Less orders are still cited by local governments and businesses as the primary obstacle to trade development in 2023.

Market reaction

In early European trade, the AUD/USD exchange rate saw new offers and climbed beyond 0.6650. On the day, the pair has increased by 0.64%.