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China using economic muscle to counter COVID-19 allegations

Beijing: Several international locations have accused China of intentionally spreading the coronavirus pandemic all through the world.

The USA has taken within the lead in leveling accusations that the COVID-19 virus, which is claimed to have originated at a laboratory within the metropolis of Wuhan, was intentionally utilized by China to destroy the economies of a number of international locations.

Australia, a very long time buying and selling companion of China, has supported the US claims and has additionally joined a rising worldwide refrain calling for a probe into the origins of the COVID-19 virus.

This stand by the Australian authorities – a significant buying and selling companion of China – is fueled by rising home anger over China’s function within the international coronavirus pandemic.

However, this has triggered an indignant response from China.

The Chinese authorities has determined to impose heavy duties on exports of barley and beef from Australia. This transfer is being seen as a response to the place taken by the Australian authorities over China’s function within the coronavirus pandemic.

Around half of Australia’s barley exports are shipped to China. Australia earns about 846 million {dollars} yearly by its barley exports to China.

The Chinese authorities has confirmed that it’s possible to impose a tariff of simply over 80 per cent on Australia’s barley exports due to anti-dumping allegations.

The Asian large has additionally determined to droop beef exports from Australia, whereas originate from 4 main meat processing crops in Queensland and New South Wales.

“We are concerned that the suspensions appear to be based on highly technical issues, which in some cases date back more than a year,” Trade Minister Simon Birmingham and Agriculture Minister David Littleproud stated in a press release.

“We will work with industry and authorities in both Australia and China to seek to find a solution that allows these businesses to resume their normal operations as soon as possible,” the assertion added.

The Chinese transfer could profit the USA because the world’s most populous nation could now flip to its bitter rival to fulfill the demand for these things.

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