Potential collapse of Chinese property developer Evergrande could hit Australian iron ore exports
by Martin Farrer from on (#5PV22)
Australian Strategic Policy Institute says Coalition should take pre-emptive action with global trade umpire in case demand for commodity dries up
Australian iron ore producers risk being used as a pawn in Beijing's geopolitical power play against Canberra, a leading thinktank has warned, amid concerns Chinese demand for the valuable commodity could dry up if the giant Evergrande property group collapses.
The Australian Strategic Policy Institute (Aspi) in a report on Wednesday urged the federal government to take China to the global trade umpire to reduce the chances of iron ore exports being used as weapon in the mounting diplomatic standoff between the two countries.
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