China kowtow to Australia...Beg for Help

[laksaboy]

No coal for China in the winter.

No food for China for CNY 2022.

 

[Rogue Trader]

The coal were released from bonded storage in China. Most likely delivered before the import ban.
Not new import contracts.

This is where the western media was misleading readers into thinking the Chinese have reversed their embargo on Australian coal.

Aussie coal has always been only used for steel production. For energy they import cheaper coal from Mongolia or use their own mined from Shanxi.

The energy crisis is a global one. Petroleum price is peaking. Supply is hampered by covid. And many countries are forced by the Paris accord to transition to cleaner energy by end of this decade.

EU is now also bracing for a long winter with skying energy prices. Luckily Putin has announced they are increasing outputs to EU and China

 

[Rogue Trader]

hahaha fucking awesome. communism meets the free markets.

this is what central planning gets you, the same coal at a higher price.

Central planning means the supply of regulated goods will be restricted

In free market economies goods will be sold to people who can afford it. Meaning the poor people will freeze.

Different schools of economics will have different opinions of which is better

 

[pvtpublic]

Central planning means the supply of regulated goods will be restricted

In free market economies goods will be sold to people who can afford it. Meaning the poor people will freeze.

Different schools of economics will have different opinions of which is better

theories aside, I was referring to the practical impact of a centrally planned economy like China in this instance:

whereby a policy miscalculation leads to the people paying more for the exact same shit.

oh and I'm sure there are plenty of freezing farmers in china that no one reports on.

 

[Hypocrite-The]

Chinese trade war tariffs drive wine exports off cliff, but new markets emerge​

ABC Rural
/ By Sarina Locke and Cassandra Hough
Posted 3h ago3 hours ago, updated 1h ago1 hours ago

Australian wine exports to China fell by 77 per cent but exports to Hong Kong rose by 137 per cent in the past 12 months.(ABC South East SA: Bec Whetham)
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Australian wine exports have dropped to their lowest point in five years due to the Chinese government's tariffs, but Hong Kong's door is wide open.

Key points:​

• Wine exports decreased by 24 per cent in the year to September 30 as the effect of China's tariffs starts to show
• The UK market continues to show strength following the pending signing of the Australia/UK free trade agreement, rising by seven per cent
• There was 28 per cent growth in exports-per-litre for wine priced above $200, showing promise for Australia's premium offerings

The latest Wine Australia report found demand for Australian wine lifted by 135 per cent in Hong Kong and 43 per cent in South-East Asia, apparently showing that Australian winemakers are diversifying away from their former premium market.
Wine Australia's Corporate Affairs and Regulation general manager Rachel Triggs said the figures did not necessarily mean Australian wine was getting into China via Hong Kong.
"We don't have visibility over where wine is shipped beyond where it's destined after it leaves Australia," she said.

"I certainly wouldn't speculate that's what's driving the numbers to Hong Kong.

"If you look at the data pre-China Australia Free Trade Agreement, before the tariff in China was eliminated, there were fairly similar figures.
"So it is likely there was a lot of stock that was going into China when it was tariff-free and that could have included Hong Kong."

Wine exports to mainland China fell by 77 per cent in the past 12 months.(Supplied: Wine Australia)

Rise and fall​

In the year to September 2021, wine exports to China fell by 77 per cent to $274 million, down from the previous average of $1 billion a year.
It has lowered the overall wine export figure by 24 per cent to a total of $2.27b.
By volume, wine exports declined by 17 per cent to 638 million litres, according to the latest wine export report.

Wine tariffs expected​

Reports confirm China will extend "anti-dumping measures", banishing Australian exporters for the long term.
Read more
The shock was exacerbated in March when China announced it would extend the tariffs of almost 220 per cent for the next five years.
Australia, affected by droughts and fires between 2018 and 2020, also had less wine to sell over the past year.
The large 2021 crush will be bottled and ready for exporting over the next six months.
Wine exports to China peaked just before the tariffs were introduced 12 months ago before falling off a cliff.
Ms Triggs said the decline was "amplified" by an increase in exports in September and October last year that was driven by heightened activity brought on by the impending imposition of Chinese tariffs and the United Kingdom's Brexit transition.
She said there was also heightened demand for Australian wine in the UK and the United States during the pandemic.

South-East Asia was the fastest-growing market for Australian wine, up 43 per cent, between October '20 and September 21.(ABC South East SA: Bec Whetham)

Finding new markets​

The greatest growth came from shipments to South-East Asia, up 43 per cent to $255m, followed by Europe, including the UK, which rose by four per cent to $703m.
It was a small section of the market but remarkably the most expensive wines – priced above $200 per litre – had increased sales.

Wine markets diversify following China tariffs​

With a WTO decision on Chinese wine tariffs expected to take years, Australian producers are cracking into new markets.
Read more
Demand fell for all other, cheaper categories.
Americans, meanwhile, were looking for Australian wine at the affordable end — those priced in the $10-$30 range increased by 16 per cent.
Ms Triggs said it was good to see that growth
"This is key to ensuring Australian wine's continued success in the US market," she said.

"The premium price segments are driving growth of the broader wine category in the US."

Australian wine exporters are looking further afield, but competition at home is stiff.(ABC South East SA: Bec Whetham)

Diversifying models​

Ms Triggs said Australian exporters were continuing to "diversify their business models" and get product to a "broad range of markets".
An increasing number of exporters chose to ship to the US, which she said was the "highest number of exporters since the Global Financial Crisis in 2009".
The domestic market, however, remains the most significant market for Australian winemakers.
Hunter Valley winemaker Stuart Hordern, from Brokenwood, said exports made up 15 per cent of his sales.
His exports to China have dried up, but he says he is seeing good growth in the US and UK off a small base.

China dream 'over'​

After 12 months of the trade war, Australian farmers and miners are warned that relations with China may not normalise — but many have already started to find success in new markets.
Read more
But the loss of the Chinese market is having a big impact in terms of domestic competition.
Mr Hordern said he had lost money due to the New South Wales lockdown.
"Retail has been healthy over the last 12-18 months during lockdown, as people have been at home," he said.

"Online sales have been good, but obviously cellar door visits have been non-existent — trade through restaurants and bars have taken an enormous hit."

Mr Hordern has focussed on building online sales and selling through email networks.
He has managed to hang onto his staff and is looking forward to opening up again.