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$50 billion trade blow between China and Australia
Australia’s $50billion dollar Liquefied natural gas industry could be the latest victim of trade tensions between Australia and China….
There are reports from Bloomberg news that several Chinese importers have been told to avoid buying supplies of gas from Australia.
The Chinese importers have received verbal orders from government officials to avoid purchasing additional supplies from Australia for the year ahead.
China is Australia’s largest trade partner which has seen coal, wine, beef, wheat, lobsters and cotton all targeted in the last year by Beijing.