How Australia and China's trade relationship broke down | CNBC Explains

China is Australia's biggest trading partner. However, the once-strong trade relationship between Australia and China has deteriorated, leading China to 'indefinitely' suspend economic dialogue in May 2021. So, why did this once prosperous economic relationship break down? CNBC's Timothyna Duncan is joined by Will Koulouris to explore the nations' history as trade partners and what the riff means for the future of global trade.
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[johnnyaro]

Australia dont want trade with China. They must be happy with this sitution.
Thank you Australia... we in Indonesia already sign 200m tonnes coal shipment for this year.

[kevinnoweebs]

you talk as if all the trade conflicts took place after the covid but as I remember plenty of things happened before had already destroyed the Australia-China relationship

[wyoland]

I used to buy all my groceries at a certain shop. But the owner of the shop called me a bastard several times. So, I stopped going to that shop and am now buying in another shop.

[shifuugincii]

France would like to take this opportunity to solemnly thank Australia for tirelessly promoting French wine exports to China

[marktrinidad]

I still remember Australia is the one that don't want to trade with China first. China just did what Australia wanted. Australia may be rich but their goods is mainly on the commodities trade and can be replaced easily.

[armchairwarrior]

Australia: We don't want Chinese buying our goods, buying our houses, going to our schools etc.. We want to decouple!
China: okay we won't buy your goods!
Australia: That's illegal!
China: we are decoupling, its what you wanted!
Australia: no fair!!!!

[tyko]

Mr C: I’m your biggest customer.
Mr A: So what? I still don’t like you. You are a culprit to me. You offended me by doing so well.
Mr C: I don’t want to buy from you.
Mr A: How dare you? Are you trying to bully me?
Mr C: I’m buying from your competitors.
Mr A: You are such an ungrateful. I’ll never compromise on my values & rights. You are trampling on my freedom & I’ll practice self defense with my friends in front of your house.

[royalmontpark]

Australia banned Huawei for its own geopolitical interest that I totally understand, but why Australia actively called other countries to ban Huawei? that is such a dixk move though, considering China was your biggest customer.

[LesliePeter]

Other countries in South East Asia and the EU are filling the void while Australia is beating the drums for another war, loudly proclaiming it is “time to act” without ever explaining what that means.

[isea_]

Australia's allies are slowly conflating the vacancy Australia left behind in the Chinese market.

[shifuugincii]

Australia brought it on itself,

it's been absolutely arrogant & disrespectful to the dragon blindly following America without thinking about Australian economy

[DoggLeash]

I totally agree with the Chinese, The situation just shows how ungrateful Australia is, N how racist they R as well, I noticed U didn't elaborate on Y Australia canceled the two B, R, I deal they had with China,

[johnsony]

I don't know why Australia want to be a pioneer in the u.s.-china trade war. He need to just keep silent and behave the same as before, by this way he will not anger u.s. or china and will make money as before. It is very stupid to choose one side like Australia, the clever way is like Italy in the two world wars, do nothing and join the winner group in the last time.

[ornachia]

This is what happened when Koala try to poke The Dragon

[keungpang]

The five eyes alway back each other, except when it's come to money. You on your own my capitalist brothers. 😂😂😂🤣🤣💰💰💰

[pohkhui]

Why no mention of USA and Canada filling the gap displacing Australia.

[itshry]

Moral of the story: Never bite the hand that feeds you

[wyodragon]

Such a disgusting show. A show of omissions, selective facts, twisted facts and downright lies.

[diffangle]

The prosperity that Australia enjoy for decades built by the previous leaders screw up big time by a leader who doesn’t know his his math is also like a mouse trying to be funny with a lion.

[bfjlmjk]

China gonna softening its stance ? I want what ever you been smoking mate!