Sunday , January 17 2021
Home / Su-Lin Tan

Su-Lin Tan



Articles by Su-Lin Tan

China-Australia relations: breaking free of dependency on Australian iron ore would take years, but where is China looking?

5 days ago

[unable to retrieve full-text content]Brazilian port operator Grao Para Multimodal’s executive director, Paulo Salvador, knows there is plenty of untapped high-grade iron ore in northern Brazil, but a mix of bureaucracy and limited capital have stymied efforts to begin production for years.Across the states of Para, Piaui and Tocantins, there are at least three mines amounting to nearly 10 billion tonnes of iron ore reserves ready for production, but they continue to sit idle, he said, adding that those deposits are only the tip of…

Read More »

China-Australia relations: Beijing slams Canberra for ‘politicising’ canned US$230 million deal on national security grounds

6 days ago

[unable to retrieve full-text content]State-owned China State Construction Engineering Corporation has dropped its bid for the Australian builder of the tallest residential tower in Sydney, Probuild, after indications that Australian Treasurer Josh Frydenberg would block the deal on national security grounds.This did not escape Beijing’s attention, and on Tuesday China’s Ministry of Foreign Affairs cautioned Canberra not to “politicise” business deals and jeopardise long-standing commercial relationships, as well as agreed-upon…

Read More »

China’s scrap-steel imports ‘symbolic’ after two-year ban lifted, will not reduce need for iron ore

12 days ago

[unable to retrieve full-text content]China’s first deals to import scrap steel since lifting a two-year ban on it last week are “symbolic” and do not signal that the country is set to significantly reduce its demand for iron ore as the key steelmaking ingredient, according to analysts.The ban on scrap steel for steel production was lifted from the start of January after China had prohibited its import to prevent the global dumping of low-grade scrap “waste” since late-2018.Last week, new standards were also formalised by…

Read More »

China-Australia relations: Canberra’s plan to scrap research accord labelled ‘act of revenge’ over trade dispute

18 days ago

[unable to retrieve full-text content]China has called Australia’s plan to scrap a research agreement between the Victorian government and Jiangsu province an “act of revenge” over trade disruption that is fast threatening Australia’s economic growth.As relations between the two countries continue to deteriorate, Australian press said earlier this week that Canberra was scrutinising the bilateral Victoria-Jiangsu Programme for Technology and Innovation Research and Development after it was identified as being potentially contrary…

Read More »

China-Australia relations: from Kazakhstan to Serbia, winemakers vie for piece of Chinese market amid trade dispute

19 days ago

[unable to retrieve full-text content]Kazakhstani winemaker Zeinulla Kakimzhanov is pleased with the fresh inquiries he has been getting from Chinese wine importers in recent months.Kakimzhanov, who owns the Arba Wine estate near Karakemer village in Kazakhstan’s wine region of Almaty, already sells some Kazakh wines such as Rieslings, Pinot noirs, saperavi and aligoté in China, but has been looking to increase his exports given his proximity to China.It takes only five days for his wine shipments to reach Shanghai by road.“Perhaps…

Read More »

China-Australia relations: iron ore prices drop after Dalian Commodity Exchange tightens limits on futures positions

25 days ago

[unable to retrieve full-text content]Iron ore prices have started to fall after China’s Dalian Commodity Exchange (DCE) tightened its trading rules on Monday in an effort to cool prices that had reached their highest point since 2011.On Thursday afternoon, iron ore was trading at about US$162 a tonne after closing on Monday at US$176 – the highest price this year, and more than twice the low of about US$81 a tonne in late March, according to the MBIOI-62 price index.The pivot comes after the DCE tightened its limits on opening…

Read More »

China-Australia relations: 9,000 litres of beer, 8,000kg of beef stopped at Chinese ports as trade spat continues

25 days ago

[unable to retrieve full-text content]Nearly 9,000 litres of Australian craft beer was stopped from entering one Chinese port last month, while another 8,000kg of frozen beef from a suspended abattoir was detained in Shanghai, the latest Chinese customs data showed.The 8,794kg of craft beer exported by manufacturer and distributor Sydney Beer Co. was held at the southeastern Chinese port city of Xiamen in November due to incorrect labelling, although there are no indications the company itself has been banned.The data also revealed…

Read More »

China-Australia relations: trade minister torch passes to Dan Tehan as bilateral feud enters ninth month

25 days ago

[unable to retrieve full-text content]Former Australian trade minister Simon Birmingham has called on Beijing to give his replacement, Dan Tehan, the courtesy of a phone call – a gesture toward resolving the two country’s political differences – as it was announced that Australia’s merchandise trade surplus fell to a two-year low in November, hit by a slump in exports to China.Australia’s goods trade surplus dropped to A$1.9 billion (US$1.43 billion) last month from A$4.7 billion in October, led by a 10 per cent decrease in its…

Read More »

China-Australia relations: WTO confirms appeal lodged against Beijing’s tariffs on Australian barley

27 days ago

[unable to retrieve full-text content]Australia’s dispute with China over anti-dumping and anti-subsidy duties imposed on its barley exports is under way after the World Trade Organization (WTO) confirmed the complaint on Monday.The complaint was officially listed on the WTO website and circulated to all 164 members of the global trade body. China imposed a total tariff of 80.5 per cent on Australia’s barley exports in May.China did not determine export price on a reasonable basis when it improperly discarded the information…

Read More »

China-Australia relations: high iron ore prices may correct on slowing demand, but derivative trading could still keep prices up, analysts say

27 days ago

[unable to retrieve full-text content]High iron ore prices are due for a correction in the coming year as Chinese demand for the steelmaking ingredient is expected to ease, though aggressive speculation through iron ore derivative trading could thwart that outcome, according to analysts.After the China Iron and Steel Association (CISA) held talks last week with Australia’s Rio Tinto and BHP, two of the world’s biggest iron ore miners, over how to control iron ore prices, prices have increased to near their highest levels since 2011…

Read More »

China-Australia relations: Rio Tinto makes anti-pollution deal with world’s largest steel producer amid iron ore price controversy

December 17, 2020

[unable to retrieve full-text content]Anglo-Australian miner Rio Tinto has agreed to invest millions of dollars in low-carbon steelmaking projects and research alongside the world’s largest steel producer, China Baowu Steel Group, for the next two years, in a show of partnership as concerns of an iron ore trade rupture continue to froth.The US$10 million investment is an extension of a 2019 agreement between Rio Tinto, China Baowu and Tsinghua University to develop and implement new methods to reduce carbon emissions in the steel…

Read More »

China-Australia relations: Canberra confirms WTO complaint ‘logical next step’ on China barley tariffs

December 16, 2020

[unable to retrieve full-text content]Trade minister Simon Birmingham on Wednesday described Australia’s decision to appeal to the World Trade Organization (WTO) over China’s tariffs on Australian barley imports as the “logical and appropriate next step”.After an 18-month investigation, China’s Ministry of Commerce ruled in May that Australian barley was being both undervalued and subsidised. This was followed by a combined 80.5 per cent tariff being imposed, consisting of 73.6 per cent in anti-dumping duties and 6.9 per cent in…

Read More »

China-Australia relations: Canberra ‘very concerned’ over reports of ‘discriminatory’ coal ban

December 15, 2020

[unable to retrieve full-text content]Canberra is seeking clarification from Beijing over reports that it has blocked Australian coal imports, in what could be a “breach” of China’s commitments as a member of the World Trade Organization (WTO).China’s top economic planning agency, the National Development and Reform Commission (NDRC), approved 10 major power generators over the weekend to import coal to address a domestic supply shortage, except from Australia, state-owned tabloid Global Times reported.The NDRC and the national…

Read More »

China-Australia trade deal does not oblige either country to continue buying goods, lawyers say

December 14, 2020

[unable to retrieve full-text content]China and Australia can cut trade ties at any time if either country can justify the action under rules set by the World Trade Organization (WTO), despite signing a free-trade agreement together, lawyers say.But severing trade has wider political and economic implications that can undermine international cooperation and could lead to decoupling, analysts and politicians added.Questions over whether the two nations are obliged to trade with each other or if either had breached the China…

Read More »

China-Australia relations: could wool, honey, fruit, dairy or pharmaceutical products be next in the crosshairs?

December 11, 2020

[unable to retrieve full-text content]Australian wool could be China’s next trade target, given its heavy dependency on the Chinese market, alongside honey, fruit, dairy and pharmaceutical products, according to analysts.About 80 per cent of Australian wool goes to China for processing and onward sales, and as direct sales to China, making it a particularly vulnerable target, said Scott Waldron, a senior research fellow at the School of Agriculture and Food Science at the University of Queensland who has been analysing the logic…

Read More »

Australian wine faces duties of up 218.5 per cent as China says subsidies caused ‘substantial damage’ to domestic industry

December 10, 2020

[unable to retrieve full-text content]Australian wine now faces total temporary duties of up to 218.5 per cent after the Chinese Ministry of Commerce imposed temporary countervailing duties on Australian wine on top of provisional anti-dumping duties announced two weeks ago.On Thursday, the ministry said it would impose countervailing or anti-subsidy duties ranging from 6.3 to 6.4 per cent on Australian wine exporters, saying that subsidised Australian wines have hurt China’s domestic wine industry.“There is a causal relationship…

Read More »

China-Australia relations: Beijing bans beef exporter with ‘mislabelling’ track record

December 8, 2020

[unable to retrieve full-text content]A sixth Australian meat processor banned by China from exporting to the country had a history of compliance issues, including mislabelling and shipment errors, Chinese customs data shows, as Australian farmers brace for a further hit to business amid ongoing diplomatic tensions.China’s General Administration of Customs said on Monday it was no longer accepting beef exports from Queensland abattoir Meramist.Authorities did not provide a reason for the ban, but data obtained by the South China…

Read More »

China-Australia relations: Canberra’s path through the WTO looks to be riddled with hurdles and pitfalls

December 7, 2020

[unable to retrieve full-text content]Australia will be heading down a difficult road if it follows through with intentions to challenge China’s anti-dumping duties on barley exports at the World Trade Organization (WTO), as the global trade body’s appeal court sits empty, and with the potential rewards being minimal, according to international trade lawyers.Australia’s trade minister, Simon Birmingham, vowed two weekends ago – a day after the Chinese government imposed provisional anti-dumping duties on Australian wine – that…

Read More »

China-Australia relations: Canberra unwilling to ‘give up ground’ as value of iron ore exports rise

December 3, 2020

[unable to retrieve full-text content]The value of Australian iron ore exports to China rose again in October, but analysts expect overall trade between the two countries to wane over the coming months amid a worsening conflict.Iron ore exports – mainly to China – rose 14 per cent in October compared to September, with the level driving a strong trade surplus overall for Australia even though coal exports fell 2 per cent, according to Thursday’s international trade update from the Australian Bureau of Statistics. In year on year…

Read More »

China-Australia relations: Australian wine exporters face fresh blow after Beijing imposes tariffs

November 27, 2020

[unable to retrieve full-text content]At least 75 containers of Australian wine that have been stuck at Chinese ports since the start of November after a wide-ranging import ban on Australian products will now face a second blow of anti-dumping duties of up to 212.1 per cent.Chinese trade consultants, importers and their agents said the containers holding various labels, many from South Australia which is the home of the Barossa Valley wine region, have been frozen in Shanghai and Ningbo ports since November 6, when the Chinese…

Read More »

China-Australia relations: Treasury Wine Estates takes hit from Chinese import duties as share price plummets

November 27, 2020

[unable to retrieve full-text content]Australia’s top selling wine company and owner of the popular Penfolds label, Treasury Wine Estates, suffered an 11.25 per cent hit to its share price on Friday morning after China’s commerce ministry announced temporary anti-dumping duties on Australian wine imports from Saturday.The duties will range from 107.1 to 212.1 per cent, China’s Ministry of Commerce announced on Friday, with Treasury Wines due to face a 169.3 per cent tax.Sales in Asia, mainly China, made up around half of Treasury…

Read More »

China lifts thermal coal import quota by 20 million tonnes, but Australia unlikely to gain

November 26, 2020

[unable to retrieve full-text content]China has increased its import quota for thermal coal by 20 million tonnes to see it through until the end of the year, although Australian shipments of the commodity will not benefit as US$500 million worth of its coal exports remains stuck at Chinese ports amid a blistering row between the two countries.Instead Russia and Indonesia are likely to benefit from the increased quotas, according to commodities analyst S&P Global Platts.Separately on Wednesday, Indonesia signed a three-year US$1.46…

Read More »

China-Australia relations: Scott Morrison’s speech ‘confusing’ but ‘well-crafted’, offers hope for thawing ties

November 26, 2020

[unable to retrieve full-text content]Toned-down comments from Australian Prime Minister Scott Morrison about relations with China earlier this week were “confusing,” observers and analysts said, but could indicate the start of a turnaround in frayed relations between the two countries.On Monday, Morrison commended China for lifting its citizens out of poverty and said the competition between China and the United States had “heavily clouded and distorted” Beijing’s perception that Canberra had taken sides with Washington.He had…

Read More »

China-Australia relations: termination of free trade deal ahead of review unlikely despite tensions, experts say

November 24, 2020

[unable to retrieve full-text content]Bilateral tensions between China and Australia are unlikely to jeopardise the China-Australia Free Trade Agreement (ChAfta) when it is up for its five-year review next month, trade experts say.While the five-year anniversary of the historic treaty between the two countries has come in the middle of an unabating political conflict, international trade lawyers insist such reviews are designed to open up more trade and expand the treaty, and even if that does not happen, at the minimum, the trade…

Read More »

China-Australia relations: ex-foreign minister says Canberra must drop adversarial approach to fix ‘frozen’ relationship

November 23, 2020

[unable to retrieve full-text content]Only a herculean shift in foreign policy, a change of government or major external event will thaw a “frozen” relationship between China and Australia that has been damaged by a lack of diplomacy from Canberra that has compounded over the past three years, according to former Australian foreign minister Bob Carr.In an interview with the South China Morning Post, Carr, who was foreign minister from 2012-13, said it was not the substance of Australia’s actions – including calls for an inquiry…

Read More »

China could face Mongolia coal import shortage amid coronavirus lockdown, but supply disruptions unlikely

November 19, 2020

[unable to retrieve full-text content]China may face shortages in imports of coking coal from major supplier Mongolia as the landlocked country heads into a new pandemic lockdown, though it is unlikely to cause major disruptions in domestic supply or a return of Australian imports this year.The Mongolian government has imposed a national lockdown that will last until early December after reporting its first community transmission last week, with the coal market now on the lookout for its impact on production and exports to China,…

Read More »

China-Australia relations: US$58.5 million Sydney property deal halted by ‘chilling effect’ on foreign investments

November 18, 2020

[unable to retrieve full-text content]A group of Chinese investors has withdrawn its bid to purchase a A$80 million (US$58.5 million) office tower in Sydney after the Australian Foreign Investment Review Board (FIRB) delayed approval of the deal for eight months.Analysts conceded that while the large backlog of foreign investment reviews since scrutiny was tightened in March likely played a role, the lack of any response suggested the Chinese curbs on a range of Australian imports also likely played a part.Whatever the motivation,…

Read More »

China-Australia relations: do Beijing’s anti-dumping and anti-subsidy investigation claims hold up?

November 15, 2020

[unable to retrieve full-text content]China earlier this month made one of its strongest public comments to date about its ongoing conflict with Australia, its largest Asia-Pacific trading partner.Two-way trade between China and Australia is worth around A$240 billion (US$171 billion), with China buying around 39 per cent of Australia’s merchandise exports.But since Canberra pushed in April for an international inquiry into the origins of the coronavirus, the conflict between the two countries has escalated with a series of trade…

Read More »

China-Australia relations: ‘crude’ meddling and disrespect ‘poisoned’ ties, says Beijing, after latest ban

November 12, 2020

[unable to retrieve full-text content]China has labelled Australia’s perceived interference in its domestic affairs as “crude”, saying its meddling and disrespect for Chinese sovereignty has damaged the bilateral relations between the two countries, a day after it banned imports of logs from a second Australian state.Providing more insight into the Chinese government’s position on the conflict that has escalated over the last seven months, Chinese foreign ministry spokesman Wang Wenbin on Thursday said Australia’s excessive public…

Read More »