Australian study: Reduced trade with China, US and others benefited

By Eric

2021.12.2

An Australian study says the US and other allies are benefiting from a reduction in Australia’s trade with China.

According to data released by the University of Technology Sydney’s Australia-China Relations Institute, 12 Australian goods exports to China in the first nine months of 2021 will fall by A$17.3 billion compared to 2019 as a result of Chinese “sanctions”, the ABC reported on 30 November.

According to the data released by the Institute, exports of similar goods from the United States increased by US$4.6 billion in the same period, while those from Canada and New Zealand increased by US$1.1 billion and US$786 million respectively.