Australia Shrugs Off China Sanctions, Reports Say


Source: asiafinancial.com asiafinancial.com

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Foreign Policy calls attempts to bully Australia a “spectacular failure” while Japan’s Itochu Research Institute notes Canberra’s resilience Australia is unfazed by economic pressure from China, demonstrating a resilience that has surprised international observers and underscoring Beijing’s limited reach, according to reports issued this week. Japan’s Itochu Research Institute said in a report that Beijing’s attempts to restrict imports have had little effect. “The impact on the Australian economy is expected to be limited,” senior researcher Hisanori Takahashi wrote in a report. Economic sanctions by China, Australia’s largest foreign trade partner, do not cover iron ore, the main export. A...