Canberra and Beijing have been at odds for two years, but a leadership change in Australia presents an opportunity for at least a ‘thawing’ of trade ties and diplomatic exchanges with China.
SYDNEY, Feb 16 ― Australia's leading wine producer says sales to China have evaporated since Beijing imposed strict tariffs on Australian wine imports but buoyant demand elsewhere helped avert disaster. Treasury Wine Estates, the makers of Penfolds, yesterday posted a 7.5 per cent year-on-year.
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