/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."