China has intensified its economic engagement with Pakistan by cultivating influential political elites. But the deeper story of Chinese inroads is the diversification of ties to local stakeholders, notably in the education, media, and energy sectors.
This year China’s government has been gradually ramping up scrutiny of its sprawling oil industry, reinforcing its authority with new taxes on refined products while investigating crude imports by state energy giants and independent refiners. Last Tuesday, the country’s top economic planning agency gave five state-owned companies just two days to report on their historic .
As the China-Australia trade war moves from product to product, ranging from barley to lobsters to wine, Beijing has so far refrained from imposing any ban or barrier on Australian iron ore. As global prices soar for the ore, China’s insatiable appetite and inability to find suitable substitutes are net-net insulating Australia from Beijing’s punitive .
Australia says will seek WTO panel to resolve barley dispute with China ANI | Updated: May 29, 2021 16:42 IST
Canberra [Australia] May 29 (ANI): Australia has said it is approaching World Trade Organization (WTO) to establish a dispute settlement panel to resolve concerns about anti-dumping and countervailing duties imposed on Australian barley by China.
Australian Trade Minister Dan Tehan announced on Friday that the government is taking the next step in its first WTO claim against Beijing for its tariffs on barley.
The Sydney Herald reported that China has so far declined to establish the dispute settlement panel. So, Australia is turning to the WTO to confirm its intent on progressing with the claim.