Why is Australia looking for an opportunity to improve its economic and trade relations with China?

Why do Australia find an opportunity to improve economic and trade relations with China?

[Global Times Reporter Ni Hao] Australian Minister of Trade Farrell said in an interview a few days ago that he had thrown "olive branches" to the Chinese side to seek opportunities to improve economic and trade relations with China. In response to China ’s reports on Australia and Coal, Australia also made a“ positive ”response. Chinese Foreign Ministry spokesman Wang Wenbin reported on the 18th that the "Australian Coal ban" reported that China has a consistent and clear position for pragmatic cooperation with countries including Australia. However, it cannot be ignored that behind the Australian side's statement, it is the importance of China to Australia's economy in the context of Sino -Australian economic and trade complementary relations.

According to data released by the China Customs Department on July 18, in the first half of 2022, the bilateral trade volume of China and Australia was 684.26 billion yuan, a year -on -year decrease of 4%. Among them, Australia's exports to China fell sharply by 13.1%in the first half of the year to 452.2 billion yuan. The most sad thing about Australia may be the sudden drop in wine sales in the Chinese market. According to data from the Statistical Data Platform of the China Customs General Administration of Global Times, the Global Times reported that in the first five months of 2022, the wine exported to China was only 223.774 million liters, with a total amount of 6.59 million yuan. This data declines fiercely compared to a year ago. Data show that in the first five months of 2021, the wine exported to China was 43.93497 million liters, with a total amount of 296 million yuan.

Due to the decrease in tariffs entering China year by year, Australian wines have driven straight into China in the past five or six years, surpassing France in 2019, becoming the largest imported wine in the Chinese market. However, as the Ministry of Commerce began investigating Australian wine in August 2020, and decided to levy anti -dumping tax on related wine products in March of the following year, Australian wines lasted for several years to export double -digit growth in China last year. End in October, and then sales began to plummet. The German media reported on the 3rd of this month that since 2021, many Australian vineyards have reported a big harvest. Last year, it produced a record of 2.1 million tons of wine for grapes. However, due to the decrease in demand now, many independent growers cannot sell the harvest to the brewery, resulting in at least thousands of tons of high -quality grapes forced to decay.

Wine has encountered "Waterloo" in the Chinese market. It is a typical representative of some Australian traditional products facing embarrassing situations in the Chinese market. In this context, the Australian side began to seek opportunities to improve the relationship between Chinese and trade relations. Farrell said in an interview with the British "Guardian" that in the talks between the two countries, the "compromise" or "alternative method" of resolution of trade disputes may occur. In addition, the Australian Treasury Minister Chammerus recently interviewed the Australian media, saying that China or canceled the ban on Australia, thinking that this possible measure is a "gratifying step" in the development of Australian -China relations.

In recent years, it has been very clear that Sino -Australian relations have encountered difficulties. Wang Wenbin reiterated during the relevant inquiry on the 18th that the Chinese side hopes that the Australian side will seize the opportunity of the relationship between the relationship between the two countries and put it into actual actions to reshape the correct recognition of China. It is on the same way with China to improve negative assets and accumulate positive energy in order to improve Sino -Australian relations, and create favorable conditions for the healthy and stable development of Sino -Australian economic and trade relations.

Chen Hong, director of the Australian Research Center of East China Normal University, told the Global Times reporter on the 18th that in the future for a long time, China will continue to maintain the status of Australia's largest trading partner. It turns out that Australia had previously sought alternative markets in an attempt to achieve "decoupling" with China, and eventually ended in failure. The Chinese market is large and the growth rate is fast. The improvement of people's living standards has increased the demand for imported high -quality products. This is impossible to replace any other country. Chen Hong believes that Australia is currently suffering from severe inflation. Since the outbreak, the domestic economy has been stunned. At the same time, Australia has blindly expanded in recent years, and promised to invest huge aid to South Taima. Therefore, Australia is currently hoping to obtain urgent needed funds through economic and trade exchanges with China.

Chen Hong pointed out that in fact, Australia wants to recover, maintain, and even increase economic and trade exchanges with China, as well as political considerations. Earlier, Australia refers to China's "economic stress" on Australia. After Albine was on power, it asked China to suspend the so -called "economic sanctions" against Australia. If China -Australia's economic and trade relations restore, you can add points to the new government and make the illusion that you can recover a game for Australia when playing with China.

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