Chinese gross domestic product also expanded by a stronger-than-expected 3.2 per cent in the second quarter from a year earlier, a sharp reversal from a first quarter contraction of 6.8 per cent. Photo: XinhuaChinese gross domestic product also expanded by a stronger-than-expected 3.2 per cent in the second quarter from a year earlier, a sharp reversal from a first quarter contraction of 6.8 per cent. Photo: Xinhua
Chinese gross domestic product also expanded by a stronger-than-expected 3.2 per cent in the second quarter from a year earlier, a sharp reversal from a first quarter contraction of 6.8 per cent. Photo: Xinhua
Economy /  Global Economy

Australia’s iron ore exports to China strong, but weak global demand indicates mixed coronavirus recovery

  • Australian mining giant Rio Tinto reported a 3 per cent rise in total iron ore exports, largely due to stronger demand from China
  • China requires more steel to help its push for more infrastructure construction, but recovery in demand from the likes of Japan and Europe has yet to begin

Topic |   Coronavirus pandemic
Su-Lin Tan
Su-Lin Tan

Updated: 9:07am, 30 Jul, 2020

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Chinese gross domestic product also expanded by a stronger-than-expected 3.2 per cent in the second quarter from a year earlier, a sharp reversal from a first quarter contraction of 6.8 per cent. Photo: XinhuaChinese gross domestic product also expanded by a stronger-than-expected 3.2 per cent in the second quarter from a year earlier, a sharp reversal from a first quarter contraction of 6.8 per cent. Photo: Xinhua
Chinese gross domestic product also expanded by a stronger-than-expected 3.2 per cent in the second quarter from a year earlier, a sharp reversal from a first quarter contraction of 6.8 per cent. Photo: Xinhua
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