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/CHINA: An article from the Global........>

AUSTRALIA: /CHINA: An article from the Global Times is currently doing the
rounds, noting that "while there is no denying that China would face economic
repercussions if it bans or restricts Australian iron ore imports, the
Australian economy would definitely suffer more. It would be a big mistake for
anyone to think that despite its dependence on iron ore China wouldn't cut
Australian imports. China will not tolerate further behavior that touches its
bottom line, even if retaliation comes at the expense of its economic interests.
Of course, given Australian exporters' dependence on the Chinese market, China
has wide range of potential targets if bilateral ties continue to deteriorate.
And that's why restricting iron ore imports are not likely the first option,
especially considering the negative impact such a move would have on the Chinese
economy. But this is by no means a reason for the outside world to think that
China will continue to tolerate provocations from Australian politicians."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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