Despite political tensions that have seen China block a range of Australian exports over the past year, the massive iron ore trade has remained unscathed. Photo: Reuters
Despite political tensions that have seen China block a range of Australian exports over the past year, the massive iron ore trade has remained unscathed. Photo: Reuters

China-Australia relations: is this the start of ‘mining boom 2.0’ as Canberra rakes in cash from iron ore rally?

  • Analyst calls this ‘one of the most incredible transfers of wealth between the pockets of the Chinese and Australian governments’, despite political conflict
  • Australia is the biggest iron ore exporter to China, which gets about 60 per cent of its supply from down under

Topic |   China-Australia relations
Despite political tensions that have seen China block a range of Australian exports over the past year, the massive iron ore trade has remained unscathed. Photo: Reuters
Despite political tensions that have seen China block a range of Australian exports over the past year, the massive iron ore trade has remained unscathed. Photo: Reuters
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