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Su-Lin Tan

Articles by Su-Lin Tan

Australia began anti-dumping probes into Chinese aluminium, steel and A4 paper in 2020

5 days ago

[unable to retrieve full-text content]Australia has this year launched three anti-dumping investigations into Chinese aluminium, steel and A4 paper, records from the Australian Anti-Dumping Commission show, adding weight to Beijing’s claims that Canberra has played a lead role in ratcheting up trade tensions between the two nations.Diplomatic ties between China and Australia have soured in recent weeks after Beijing placed a 80.5 per cent tariff on all Australian barley imports, raising suspicions it was in retaliation for…

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China import data reveals tainted Australian oats, almonds blocked last year as trade war fears grow

7 days ago

[unable to retrieve full-text content]Exports of Australian oats and oatmeal, milk powder and almonds ran into import compliance trouble at Chinese ports last year alongside beef shipments, customs data shows, as concern grows that Beijing may expand restrictions on Australian goods.Chinese commerce minister Zhong Shan on Monday reiterated that Beijing’s investigation into the dumping of Australian barley was thorough and complied with the terms of the China-Australia Free Trade Agreement (ChAFTA).Beijing slapped a 80.5 per cent…

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China-Australia free trade deal may soften virus spat, but won’t halt anti-dumping probes, experts say

12 days ago

[unable to retrieve full-text content]Australia’s free trade agreement with China could temper a potential full-blown trade war between the two countries, but it will not stop further anti-dumping investigations, trade lawyers say, amid concerns Beijing could soon launch another round of tariffs on Australian exports.China has drawn up a list of potential goods including wine, dairy, seafood, oatmeal and fruit that could be subject to stricter quality checks, anti-dumping probes, tariffs or customs delays, sources told Bloomberg…

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Australia rules out trade war retaliation with China despite barley tariff escalation

14 days ago

[unable to retrieve full-text content]Australia has ruled out retaliating for China’s tariff of over 80 per cent placed on its exports of barley, insisting that the two countries have not entered into a trade war.Late on Monday night, China confirmed an 80.5 per cent tariff would be placed on barley exports from Australia after concluding its 18-month anti-dumping investigation, which ruled Australia imports had hurt its domestic market.Earlier in the investigation that began in November 2018, Chinese authorities had proposed a…

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Australian beef exporters banned by China are repeat offenders, but New Zealand firms escape sanctions, customs data shows

14 days ago

[unable to retrieve full-text content]The four Australian meat processing plants banned from exporting to China had compliance issues dating back to 2017, although the same Chinese customs data showed two New Zealand processors were not punished for similar beaches of strict Chinese import regulations.The conflicting outcomes reflect the complexity of the global food trade regulation as well as the pitfalls of diplomacy at a time when China finds itself facing repeated calls for an international inquiry into the origins of the…

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China confirms over 80 per cent tariff on Australian barley exports

14 days ago

[unable to retrieve full-text content]China has confirmed it will impose a tariff of 80.5 per cent on Australia’s barley exports following the conclusion of its anti-dumping investigations, delivering a massive blow to the Australian barley industry.On Monday night, China’s Ministry of Commerce (MOFCOM) said its investigations had proven the dumping of cheap Australian barley had hurt its domestic market.“The investigating authority investigated whether there had been dumping and damage to the domestic barley industry and the…

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China’s US barley, blueberry move focused on trade war deal, unrelated to coronavirus backlash against Australia

19 days ago

[unable to retrieve full-text content]China’s moves to permit further agricultural imports from the United States are viewed as being a step towards meeting the nation’s phase one trade deal commitments, although their role in the ongoing saga with Australian barley and beef exports remains unclear, analysts said.China on Thursday said it would immediately allow imports of barley and fresh blueberries from the US, according to notices posted on China’s customs website, just days after it announced plans to impose a tariff on the…

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China has alternatives for beef, barley imports but trade dispute could ‘kill Australian farmers’

19 days ago

[unable to retrieve full-text content]An Australian native working for a brewery in Shanghai has found himself in the middle of the developing trade dispute between China and Australia, although he is not yet hitting the panic button about the potential Chinese tariffs on barley imports.China said at the weekend that it is likely to impose a tariff of just over 80 per cent on Australia’s barley imports due to anti-dumping allegations.It then doubled down by suspending beef imports from four major Australian meat processing plants…

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China’s restrictions on Australian beef, barley seen as retaliation for support of coronavirus investigation

20 days ago

[unable to retrieve full-text content]In the space of a few days, China has dealt heavy blows to both Australian barley and beef industries, raising suspicions that Beijing is using trade to punish Canberra for lending support to the international call to investigate the origins of the coronavirus pandemic.The restrictions on Australian beef and barley may also pave the way for China to increase imports of the two agriculture products from the United States, helping it meet its purchase obligations under the phase one trade deal…

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Coronavirus: global textile industry braces for sharp downturn as orders dry up

21 days ago

[unable to retrieve full-text content]Chinese fashion marketer Kanvid Studio has managed to weather the worst of the coronavirus so far thanks to some quick adjustments from retail clients who replaced lost shopfront sales with new online business.But company director Theodore O’Mahony knows his firm’s good fortune is more the exception than the rule.Clients tell him things will only get worse in the global clothing and textile industry and the crunch will last until the end of next year.“There was a slight delay in samples…

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Australian government push to tap China market heats up industry debate about over-dependence

26 days ago

[unable to retrieve full-text content]Australia’s economy has become too reliant on China as a result of a government push for domestic industry to maximise exports to the world’s second largest economy, industry submissions to a government inquiry say.Business groups also singled out Australian government policies, including management of bilateral relationships with Indonesia and India, as hurting access to alternative markets.While some Australian export industries are not reliant on demand from China, companies like those in…

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China, Australia decoupling labelled ‘zombie economic idea’ amid coronavirus fallout

26 days ago

[unable to retrieve full-text content]Calls for Australian businesses to diversify away from China as their main trading partner are nothing more than a “zombie economic idea” that is being used as a political tool to expedite the decoupling of the two countries, according to a report by the Australia-China Relations Institute at the University of Technology Sydney.

The debate about Australia’s over-dependence on China for its livelihood has ramped up recently, triggered by the interruption of supply chains during China’s…

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Coronavirus: China-Australia relationship at risk from Covid-19 blame game, mining magnate warns

28 days ago

[unable to retrieve full-text content]The relationship between China and Australia is one of the “most important” in the world, but it could be put at risk by the erupting blame games over the coronavirus, Australian billionaire mining magnate Andrew Forrest has warned.Forrest, the chairman of Fortescue Metals Group, one of the largest iron ore suppliers to China, said Australia’s finger-pointing at Australia-based Chinese companies for shipping face masks to China earlier this year was “un-Australian.”His comments came just as a…

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Coronavirus: China’s steel sector steadies, as investors hope for post-pandemic stimulus boom

April 29, 2020

[unable to retrieve full-text content]Discussions about steady iron ore prices and the value of mega miners BHP, Rio Tinto and Fortescue Metal Group have been simmering on the popular Australian stock market trading forum HotCopper in recent weeks.The price of iron ore has been hovering around US$80 a tonne, which while lower than its five-year high of around US$120 a tonne last year, was still better than the ravaged crude oil price, as Chinese steel producers roared back into action.Some investors were particularly thrilled at…

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Coronavirus: China still seen as good opportunity for expansion by some foreign firms despite Covid-19

April 21, 2020

[unable to retrieve full-text content]Not only has the coronavirus pandemic not watered down one company’s expansion plans for China, it has given it even greater reason to push forward into the Chinese market.Israeli company IceCure Medical is forging ahead with opening its first Chinese office in Shanghai, with plans to spend up to US$4 million for the initial sales and marketing effort for its non-surgical breast cancer treatments.Chief executive Eyal Shamir said he has seen an uptick in Chinese interest in the company’s…

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Coronavirus: China’s consumers push back against price increases as firms seek to offset Covid-19 impact

April 18, 2020

[unable to retrieve full-text content]Chinese hotpot restaurant chain Haidilao found out the hard way that Chinese consumers, buffeted by weeks of lockdowns and travels restrictions as well as rising worries about their jobs and incomes, are in no mood to see the price of food and other daily necessities increase.In the middle of March, the chain reopened its doors after being shut since late January due to the coronavirus outbreak, but customers were shocked to see prices had jumped by around 6 per cent, sparking many to express…

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Coronavirus: China, Asia manufacturing recovery to be short-lived with 2020 growth set to grind to a halt

April 16, 2020

[unable to retrieve full-text content]Any recovery in the manufacturing sector in China and the rest of Asia this year will be short lived as Asia-Pacific’s growth in 2020 is expected to grind to a halt amid the coronavirus outbreak, according to the director of the International Monetary Fund’s Asia and Pacific Department.Changyong Rhee reinforced the severity of the impact of Covid-19 on Asia-Pacific economies, noting that growth in the region would be zero this year, much worse than the global or the Asian financial crisis’,…

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Coronavirus: desperate overseas firms turn to China as lockdowns hit home

April 6, 2020

[unable to retrieve full-text content]As China slowly grinds back into activity after a two-month hiatus, the opposite is happening elsewhere, meaning amid widespread lockdowns, global businesses desperate to maintain operations are now looking for solutions where economies are gradually improving.A Shanghai-based photo and video production business has been receiving a series of cold calls from companies in the United States, Europe and Australia looking for help with television commercials and corporate photography.Central…

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Coronavirus: Asia’s manufacturing hubs face ‘tougher times ahead’, even after dreadful March

April 1, 2020

[unable to retrieve full-text content]Parts of Asia and Europe were drenched in a bloodbath of manufacturing data on Wednesday, but economists warned that an even greater pummelling lies ahead, as the coronavirus pandemic paralyses global demand.Surveys released on Wednesday painted a dire picture of some of the world’s key manufacturing hubs, while tumbling sentiment in the Eurozone, home to many companies sourcing parts from East Asia, laid bare the demand shock facing the region.“It is very clear that we have a demand shock and…

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Coronavirus: China’s appetite for Australian wine cools as outbreak saps demand

March 26, 2020

[unable to retrieve full-text content]On Monday, a sales call between a Chinese property developer in Sydney and well-known Australian winemaker Penfolds did not last long.The customer, who appeared on Penfolds’ VIP database, was offered discounts on specific wine collections. This included one of the label’s well-known products, the Bin 28 Kalimna Shiraz, for roughly A$28 (US$16.8) depending on the year, or around a 40 per cent discount. Bottles over different years are priced around A$50 per bottle in retail stores.The executive,…

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Coronavirus: global lockdown to hit China’s supplies of steak, lobster and fine wines

March 24, 2020

[unable to retrieve full-text content]Just over a month ago, supply chains in China were thrown into chaos as trucks and planes delivering goods to the world came to a standstill.Now, China’s economy is moving back towards capacity, while the supply shock from the coronavirus pandemic is beginning to affect many Western countries, as they look to contain the virus’ spread.But this second round of supply shock enveloping countries around the world may mean China’s growing middle classes find themselves strapped for premium overseas…

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Coronavirus: global recession in 2020 now seen as guaranteed as outbreak ravages Europe, US

March 18, 2020

[unable to retrieve full-text content]A global economic recession is now all but guaranteed in 2020, with analysts worldwide continuing to slash their already grim forecasts as the rapid spread of the coronavirus pandemic outside China results in unprecedented containment measures and a rising number of businesses in danger of bankruptcy.The moves by central banks around the world to cut their interest rates to record lows and by governments to pump huge amounts of money into their economies – including the new proposal in the…

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Coronavirus: will Donald Trump blame China for expected global recession in 2020?

March 17, 2020

[unable to retrieve full-text content]On Monday, US President Donald Trump posted a tweet suggesting that China was responsible for the global economic damage that will be caused by the coronavirus pandemic, because the virus was first detected there.The tweet may come to be viewed as the first shot in a blame game between the world’s two largest economies, as they look to fault the other for an incoming global recession that analysts now see as inevitable this year.That the economy is set to nosedive in a US election year provides…

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Coronavirus: Indian firms set for windfall as China desperately seeks face mask raw materials

March 13, 2020

[unable to retrieve full-text content]In Gujarat in western India, fabric producer Sidwin Fabric is preparing to ship several tonnes of spunbond non-woven fabric to China next week, capitalising on the mainland’s huge facial mask-making boom during the coronavirus pandemic.China’s desperation for the raw materials used to make the masks is resulting in a bonanza for Indian companies, which have been shipping more of their high-grade products to China, eclipsing the amount sold locally.China, the world’s biggest mask maker, went…

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Coronavirus: will Hong Kong and Singapore suffer biggest economic hit from outbreak?

February 20, 2020

[unable to retrieve full-text content]Economic growth across the Asia-Pacific is set for a pummeling following the coronavirus outbreak which economists have classified as not a typical business cycle shock.Goods and commodity exporters that depended heavily on Chinese demand are most likely to bear the brunt of the hit, economists warned.The coronavirus outbreak, which has been declared a global health emergency, could cripple many economies on the brink of a recession like Singapore and Japan and drag others in the region down…

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Coronavirus: Australian universities could take ‘reputational hit’ from China travel bans

February 16, 2020

[unable to retrieve full-text content]Postgraduate student Ashley Du has been trapped in the eastern Chinese city of Hangzhou since the coronavirus outbreak escalated in late January, but she has not given up hope of starting the second semester of her master’s degree in Australia.Du, who is enrolled to study commerce at the University of Sydney, is one of about 200,000 Chinese with Australian student visas, more than half of whom Canberra says are stuck outside the country due to a ban on mainland travellers, including students…

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Coronavirus saps China’s demand for rock lobster, hitting exporters in Australia, Canada and New Zealand

February 14, 2020

[unable to retrieve full-text content]Slashed lobster prices in Chinese restaurants globally have excited diners but hurt exporters, while fishermen have responded promptly to the trade fallout from the coronavirus outbreak by reining in supply.The outbreak arrived in the midst of Lunar New Year celebrations – traditionally the busiest season for lobster orders – causing restaurants to cut prices by up to 50 per cent and some major exporters like New Zealand to consider tipping their live catch back into the sea.Authorities in New…

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Coronavirus: what life is like inside an Australian quarantine camp after being trapped in Wuhan

February 11, 2020

[unable to retrieve full-text content]Australian businessman Stanley was finally able to walk outside without fear, the first time in two weeks he had been granted this simple task which now feels like a luxury.Having unknowingly flown to the epicentre of the coronavirus outbreak in late January, he was one of the lucky ones to be evacuated from Wuhan on Sunday morning.“I feel safe now, and relieved. The temperature [in Darwin] is high and it’s very sunny. The warmer weather is good for virus control and I don’t think there will be…

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Coronavirus: Australian evacuation flight from Wuhan delayed, no ‘official clearance’ for Darwin-bound plane

February 7, 2020

[unable to retrieve full-text content]A second direct Australian government flight to evacuate its citizens from Wuhan – the epicentre of the coronavirus outbreak – has been delayed.Eligible passengers had received confirmation of an “assisted departure” on an plane operated by Australian flag carrier Qantas, with a check-in time of 6pm on Friday. The flight was expected to leave for Australia at 12.15am on Saturday morning.But after arriving at the airport in Wuhan, passengers were told “official clearance for the charter flight…

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Coronavirus: Australia blocks evacuation of nine-year-old girl from Wuhan, risking human rights violation

February 4, 2020

[unable to retrieve full-text content]An Australian mother desperate to be reunited with her nine-year-old daughter, who was denied a place on the first evacuation flight out of the Wuhan this week, has been told to “wait until the Chinese government opens up” the virus-stricken city, even though the move risks the government violating international human rights laws.Selina, a naturalised Australian citizen who was born in Wuhan, travelled to the city before Christmas to visit her parents, returning alone in early January due to…

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