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A comment on Australia locks down ports after 'nationally significant' cyberattack. Parent comment

Re:Australia locks down ports after 'nationally significant'... by coffeecantcode on Sunday November 12, 2023 @10:00AM (#38240627)
No not to zero, I believe Australian exports to China went from 45% to 37% in 1 year. I have the article link posted in one of my comments below. In retro my use of the word ban makes it seem expansive and absolute but really it just resulted in billions and billions of dollars redirected or lost.

Edit: https://www.wsj.com/world/asia/china-says-australias-exporte...

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Re:Australia locks down ports after 'nationally significant'... by xbmcuser on Sunday November 12, 2023 @10:30AM (#38240984)
It will move the other way in a year very soon
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Re:Australia locks down ports after 'nationally significant'... by JumpCrisscross on Sunday November 12, 2023 @10:41AM (#38241091)
> will move the other way in a year very soon

China is currently grappling with deflation [1]. That makes it likely they’re currently in a recession.

[1] https://www.cnn.com/2023/11/09/economy/china-deflation-octob...

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Re:Australia locks down ports after 'nationally significant'... by andyferris on Sunday November 12, 2023 @06:20PM (#38245165)
Probably worth mentioning China kept buying the iron ore (it seems out of need), so this isn't about steel. Trade of coal and many other goods were restricted; there is now an anticipation that exports of wine, coal, lobsters, etc will rebound.
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Re:Australia locks down ports after 'nationally significant'... by nradov on Sunday November 12, 2023 @12:12PM (#38242068)
With the collapse of Evergrande and other large Chinese real estate developers, who will buy all of that steel?
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