China’s share of Australia’s trade—both exports and imports—is falling and is being replaced by other trading partners in Asia, bringing important diversification to Australian markets. The latest Australian Bureau of Statistics trade report shows that …
Coal accounted for half the growth in global power generation last year, and further increases are likely this year as European nations restart mothballed coal-fired power stations. For the first time since 2013, the increase …
Russian President Vladimir Putin sought this month to contrast the vibrant economies of Asia with the decadence of the West, signalling that Russia’s future lay with the East. The economic and political dominance of the …
Russia’s invasion of Ukraine is the immediate cause of the global energy crisis, but the seeds were sown by years of weak investment in fossil fuels, partly reflecting concerns over climate change. Before the war, …
China’s live-fire drills surrounding Taiwan over the weekend simulated an economic blockade, with Chinese forces positioned to halt access to the island nation’s main ports. Dozens of ships heading to or from North Asia were …
Beijing’s creation of a new state-owned company to centralise China’s purchases of iron ore and other metal resources is unlikely to have much impact while markets are tight and prices are high, but it could …
Beijing will be keeping a close watch on the G7’s efforts to cap the price of Russian oil because China is trying to do the same to Australian iron ore. As the world’s biggest exporter …
The virtual summit of BRICS leaders in Beijing late last month brought a slew of proposals to strengthen the group’s economic and geopolitical influence. Russian President Vladimir Putin unveiled a plan for a new reserve currency …
China’s trade surplus hit an extraordinary US$292 billion in the first five months of the year—more than double its pre-pandemic level—and its aggressive pursuit of export markets is likely to become a flashpoint in a …
The Biden administration attracted a dozen nations to the launch of its Indo-Pacific Economic Framework but the lack of commitment to the plan from either the United States or the region suggests it’s unlikely to …
The impact of the Russia–Ukraine war on global food supplies is being magnified by nations imposing bans on food and fertiliser exports to preserve stocks for their domestic needs. Since the invasion, 15 nations have …
Australian-based financial institutions have almost doubled their use of Chinese funding over the past three years to $46.7 billion, with Chinese investors liking the returns on offer despite the deep-freeze in bilateral trade and diplomatic …
