South Australia Credits Strong China Ties for Surge in Exports
South Australia Credits Strong China Ties for Surge in Exports

South Australia Credits Strong China Ties for Surge in Exports

On Wednesday, the South Australian government announced that exports from the state have reached an all-time high due to increased trade with China. According to government data, the total value of exports from South Australia exceeded 17 billion Australian dollars (11.3 billion U.S. dollars) in the 12 months leading up to February – a record-breaking figure that represents a 27 percent increase from the previous year. This growth was mainly driven by a surge in iron ore, refined copper, and wheat exports to China. The state government credited the “steady turnaround and stabilization of Australian-Chinese relations” for the boost in trade. Nick Champion, the Minister for Trade and Investment in South Australia, attributed the “incredible result” to the state’s growing trade ties with China, its record-breaking crop harvest of 12.8 million tonnes, and the government’s efforts to improve relations with China. Specifically, the value of wheat exports increased by 65 percent, while canola and lentil exports rose by more than 100 percent.

发表评论

Verified by MonsterInsights