News Snapshot:
Share on Facebook China still needs Australia to power its economic recovery China and Australia spent much of last year in a tense standoff on trade . But as the recovery of the world’s second largest economygathers pace, China needs more iron ore and Australia is still its main supplier. Beijing on Monday reported that China’s GDP grew 2.3% last year, averting the recession that gripped much of the world as the coronavirus pandemic spread. GDP in the fourth quarter grew by 6.5%, compared with a year earlier. Of big help was the Chinesegovernment’s decision to invest heavily in infrastructure...
