News Snapshot:
[China’s bid to ‘weaponise trade’ crumbles as it turns to Australia for cotton, copper despite import ban] China has imported $30 million worth of Australian copper concentrate and increased purchases of cotton from the country amid international sanctions over Xinjiang, despite unofficially banning the products in November last year, Chinese trade data shows. Chinese importers also snapped up the lion’s share of Australia’s bumper wheat harvest for the 2021-22 season, making it the country’s largest buyer just as global supplies fall. Global shortages and political tensions have forced China to turn to Australian products, especially as its economy has bounced...
