The Australian Broadcasting Corporation (ABC) News, Chinese Edition, recently reported that China just announced a new import ban on four Australian meat providers, three of which are from Queensland and one from New South Wales. Most analysts expressed the belief that this new trade barrier is obviously retaliation against Australian Prime Minister Scott Morrison, who insisted on an independent investigation into the source of COVID-19. The four companies banned are Kilcoy Pastoral, Beef City, Dinmore, and Northern Cooperative Meat. These four companies hold a 35 percent share of the total Australian beef exports to China, which is expected to be AU$3.5 billion (around US$2.25 billion) this year. The Australian government explained that the new ban is related to “highly technical” issues. Last month, the Chinese ambassador to Australia threatened that, if Australia were to investigate China’s handling of COVID-19, Chinese consumers might strongly resist Australian goods. Ironically, one of the companies, Kilcoy, is funded by Chinese investments. China is Australia’s largest trade partner.
Source: ABC News Chinese, May 12, 2020
https://www.abc.net.au/chinese/2020-05-12/china-trade-escalation-as-beef-farmers-are-targeted/12239690