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.
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...