China has other options for its iron ore

Original article by Nick Evans
The Australian – Page: 17 & 20 : 11-Oct-19

Fortescue Metals Group CEO Elizabeth Gaines has stressed the importance of Australia’s trading relationship with China. She has told the in a Melbourne Mining Club that commodities exports to China have been a key contributor to Australia’s economic growth, and warned that China will seek other sources of iron ore if relations between the two nations deteriorates. Gaines noted that Ernst & Young has estimated that iron ore accounted for three per cent of Australia’s GDP in 2018-19.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, THE MELBOURNE MINING CLUB, RIO TINTO LIMITED – ASX RIO, ALUMINIUM CORPORATION OF CHINA LIMITED

Chinese trade pullback could cost $25bn

Original article by David Rogers
The Australian – Page: 17 & 27 : 22-Aug-19

Andrew Boak of Goldman Sachs warns that the fallout from the US-China trade war could eventually hit Australia. He says growing tensions between Australia and China could potentially result in a sharp fall in Chinese demand for key Australian exports, including education and commodities such as iron ore and coal. Goldman Sachs suggests that in a worst-case scenario, lower Chinese demand could reduce Australia’s GDP growth rate by 130 basis points in 2020.

CORPORATES
GOLDMAN SACHS AUSTRALIA PTY LTD, HUAWEI TECHNOLOGIES COMPANY LIMITED, BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG

Government accused of censoring Parliament over inquiry into China ties

Original article by Samantha Maiden
The New Daily – Page: Online : 12-Aug-19

Centre Alliance Senator Rex Patrick has accused the federal government of effectively censoring Parliament over its refusal to support an inquiry into Australia’s relationship with China. Patrick is the co-sponsor of the proposed inquiry, along with Labor Senator Kimberly Kitching. He claims the government is worried about how China might react to such an inquiry, but Patrick says it is not intended to be inflammatory. Labor frontbencher Richard Marles notes Australia’s relationship with China "is a very complex question".

CORPORATES
CENTRE ALLIANCE, AUSTRALIAN LABOR PARTY

US-China trade war to rage for decades

Original article by Glenda Korporaal, Rosie Lewis, Ben Packham
The Australian – Page: 1 & 6 : 9-Aug-19

The Department of the Prime Minister & Cabinet’s secretary Martin Parkinson says the US-China trade war is unlikely to be resolved in the near-term, and it could last for decades. He has also used an Asia Society briefing to note that the trade tensions have already undermined confidence in the rules-based trade system. Meanwhile, Business Council of Australia CEO Jennifer Westacott says that handling the trade war requires a delicate balancing act, given that the US is Australia’s biggest ally and China is the nation’s largest trading partner.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIAN LABOR PARTY, JOHN CURTIN RESEARCH CENTRE

Odds of trade accord ‘less than 50pc’: Rudd

Original article by Mark Ludlow
The Australian Financial Review – Page: 12 : 5-Jun-19

Asia Society Policy Institute president and former Australian prime minister Kevin Rudd says the US and China still have a strategic and economic interest in securing a trade deal. However, Rudd estimates that there is now less than a 50 per cent chance of a trade deal, down from 90 per cent earlier in the year. Rudd added that the US-China trade dispute will be a "particularly challenging time" for Australia’s relationship with China.

CORPORATES
ASIA SOCIETY POLICY INSTITUTE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD

Pyne blamed for freeze on coal imports

Original article by Glenda Korporaal
The Australian – Page: 19 & 20 : 21-Mar-19

Michael Cooper of S&P Global Platts says Chinese buyers have favoured Indonesian coal over Australian coal since January, despite its lower quality. The firm expects China’s restrictions on Australian thermal coal imports to last until the end of May. Meanwhile, Trade Minister Simon Birmingham has rejected suggestions that China’s import restrictions are politically motivated. Some Chinese coal traders have claimed that Australian coal imports have been targeted due to comments made by Defence Minister Christopher Pyne in January regarding China’s presence in the South China Sea.

CORPORATES
S&P GLOBAL PLATTS, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF DEFENCE, HUAWEI TECHNOLOGIES COMPANY LIMITED, AUSTRALIAN LABOR PARTY, CHINA. MINISTRY OF COMMERCE, GLENCORE PLC, NEW HOPE CORPORATION LIMITED – ASX NHC, CHINA. GENERAL ADMINISTRATION OF CUSTOMS

China slaps ban on exports

Original article by Perry Williams, Glenda Korporaal
The Australian – Page: 1 & 2 : 22-Feb-19

The Australian dollar fell by more than one per cent on 21 February following reports that China has imposed an indefinite ban on thermal coal exports from Australia entering five ports in northern China. Trade Minister Simon Birmingham has asked Australia’ s ambassador in Beijing, Jan Adams, to investigate the apparent ban. Australia exported around $2.1 billion worth of thermal coal to the five ports in 2018. It has been suggested that China’s action could be linked to Australia’s ban on technology company Huawei.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, HUAWEI TECHNOLOGIES COMPANY LIMITED, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, MINERALS COUNCIL OF AUSTRALIA

US, China ignite hi-tech row

Original article by Glenda Korporaal, Primrose Riordan
The Australian – Page: 1 & 9 : 30-Jan-19

The Chinese Government claims that US charges against Huawei and chief financial officer Meng Wanzhou are politically ­motivated. Amongst other things, the US has accused them of breaching US trade sanctions against Iran, money-laundering and stealing trade secrets. The Lowy Institute’s Richard McGregor says the charges could have an impact on Australia’s future relationship with China, while Defence Minister ­Christopher Pyne says the US should focus on issues such as the South China Sea. The US and China will shortly commence trade talks in Washington.

CORPORATES
HUAWEI TECHNOLOGIES COMPANY LIMITED, LOWY INSTITUTE FOR INTERNATIONAL POLICY, AUSTRALIA. DEPT OF DEFENCE, UNITED STATES. DEPT OF JUSTICE, AUSTRALIA. DEPT OF HOME AFFAIRS, TPG TELECOM LIMITED – ASX TPM, T-MOBILE USA INCORPORATED, UNITED STATES. FEDERAL BUREAU OF INVESTIGATION, UNITED STATES. DEPT OF HOMELAND SECURITY, UNITED STATES. DEPT OF COMMERCE, ZTE CORPORATION

Payne’s trip ends Chinese freeze

Original article by Glenda Korporaal
The Australian – Page: 1 & 2 : 6-Nov-18

Australia’s Foreign Minister Marise Payne will meet with her Chinese counterpart Wang Yi during a two-day visit to Beijing from 8 November. The trip is part of efforts to improve the strained relations between the two nations, and could potentially lead to an official trip to China by Prime Minister Scott Morrison. Payne and Wang had held talks during a United Nations conference in August, which led to the invitation for Payne to visit China.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, CHINA. MINISTRY OF COMMERCE, ASIA-PACIFIC ECONOMIC CO-OPERATION

Long-term deals key to iron-clad alliance

Original article by Glenda Korporaal
The Australian – Page: 20 : 24-Sep-18

BHP Billiton, Rio Tinto and Fortescue Metal Group were among the Australian iron ore companies that were represented at the recent China International Steel & Raw Materials Conference. Australia currently supplies 62 per cent of China’s seaborne iron ore, with iron ore being Australia’s biggest export to China. Businesses involved in commerce between Australia and China are hopeful that the relationship between the two countries, which has been somewhat strained in recent times, will improve under new Prime Minister Scott Morrison.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, VALE SA, UNIVERSITY OF NEW SOUTH WALES, WORLD TRADE ORGANIZATION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET