China’s record November will further unsettle Australia and the US

When you look at its economic numbers, China’s having a good pandemic. The boom in demand for personal protective equipment and the impact of lockdowns on purchases of appliances and electronics has produced a surge in China’s exports and a record monthly trade surplus.

The export boom threatens to only add to the existing trade tensions with the US, with exports up a massive 46 per cent in November against the same month in 2019. China is falling ever further behind on its pledge to buy more US products under the “Phase One” trade deal with the US that it signed, under duress, in January.

The November trade numbers also reflect the first signs of the deteriorating relationship between Australia and China.

China has imposed a range of trade sanctions on a growing list of Australian exports in response to the Morrison government’s call for an independent inquiry into the origins of the coronavirus, its commentary on China’s treatment of the Uighurs and Hong Kong, its banning of Huawei from 5G rollouts and the blocking of a number of proposed acquisitions by Chinese companies……More Here

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