China has been buying more goods from Australia this year even as their trade spat shows no signs of abating.
The value of Australia’s exports to China has jumped 24% from a year ago, to reach over $180 billion Australian dollars ($135 billion) as of the latest August data, according to research firm Oxford Economics.
Monthly data shows goods to China hit a record monthly high of 19.4 billion Australian dollars in July – a surge of 72% as compared with a year ago, according to Reuters.
Relations between the two countries deteriorated sharply last year after Australia supported a call for a global inquiry into China’s handling of its initial Covid-19 outbreak.
To read the full article by CNBC, please click here.