Australia cannot expect China to import and burn coal it no longer needs Alex Turnbull

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The prevailing narrative is that the diplomatic and trade dispute between China and Australia is threatening coal exports and we should expect a return to business as usual once the spat ends.

Nothing could be further from the truth.

It is an historical accident that China became a large importer of coal, which China’s government has been seeking to correct since the global financial crisis. These efforts are bearing fruit and Australian coal exports will continue to suffer as China’s focus on producing more energy domestically displaces Australian exports. Australian governments need to see the political logic from China’s point of view and accept that we cannot expect China to import and burn coal it no longer needs. From there we can better formulate our own economic outlook and transition programs for affected communities.


Read more: https://www.theguardian.com/commentisfree/2020/jun/11/australia-cannot-expect-china-to-import-and-burn-coal-it-no-longer-needs

Imported coal being unloaded in China's Jiangsu province

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