China’s President Xi Jinping has told thousands of foreign exporters that Beijing does not want to hurt other economies as Chinese state media reports a $6 billion ban on seven key Australian products is imminent.
Australian businesses across the seafood, wine, barley, sugar, copper, coal and timber industries are bracing for a sudden halt to their exports to China on Friday as up to 200 gather in Shanghai for one of the country’s largest import conferences.
Xi told the China International Import Expo on Wednesday night that countries must work together to find a way out of the coronavirus crisis that has plunged the global economy into its worst recession in a century.
“It is ill advised to pursue unilateral dominance, or choose to hurt others’ interests, which diminishes one’s own interests,” he said.
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