China quaffs sanctions
Australia has threatened to take China to the World Trade Organisation after Beijing whacked steep levies on Aussie wine imports for up to 5 years as an anti-dumping measure. Trade Minister Dan Tehan said it meant it was “basically impossible” for our bonza plonk to compete in China. It follows claims last year that our wine was being sold in China below the production cost. Australian vignerons weren’t the only ones copping China’s wrath – sanctions against US and Canadian officials were also imposed by Beijing in a tit for the tat issued last week by the US, European Union, Canada and the UK over China’s human rights violations against the Uyghurs and other minorities. China’s push for influence remains a concern for US President Joe Biden – and so an American-led plan to rival China’s Belt and Road Initiative will be unveiled this week, reports say.
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