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23-05-2022, 07:24 AM
Published: May 21, 2022 12:56 AM
China’s total wheat imports decreased by 22.4 percent year-on-year in April, but imports from Australia, France and Russia have skyrocketed, the latest statistics from Chinese customs showed.
Imports from Australia, in particular, surged by over 500 percent from last year, due to a low basis and changed domestic and global market conditions. However, Australia’s hostile approach toward China continues to cast a dark cloud over the development of bilateral trade, experts said.
In April, China imported 495,614 tons of Australian wheat, up 10.5 percent from March and 525.72 percent year-on-year
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“China is pragmatic about trade. For China, the essence of trade is mutual benefit,” Li noted.
Some Australian exports, including agricultural goods, have suffered as bilateral ties soured following Canberra’s unreasonable provocations against China. However, despite Australia’s constant anti-China hostility and claims of “economic coercion,” China has not announced any formal trade retaliation.
https://www.globaltimes.cn/page/202205/1266191.shtml
China’s total wheat imports decreased by 22.4 percent year-on-year in April, but imports from Australia, France and Russia have skyrocketed, the latest statistics from Chinese customs showed.
Imports from Australia, in particular, surged by over 500 percent from last year, due to a low basis and changed domestic and global market conditions. However, Australia’s hostile approach toward China continues to cast a dark cloud over the development of bilateral trade, experts said.
In April, China imported 495,614 tons of Australian wheat, up 10.5 percent from March and 525.72 percent year-on-year
......
“China is pragmatic about trade. For China, the essence of trade is mutual benefit,” Li noted.
Some Australian exports, including agricultural goods, have suffered as bilateral ties soured following Canberra’s unreasonable provocations against China. However, despite Australia’s constant anti-China hostility and claims of “economic coercion,” China has not announced any formal trade retaliation.
https://www.globaltimes.cn/page/202205/1266191.shtml
