Australian coal import ban, which lasted more than two years in China, ushered in the dawn of looseness.Sources revealed that China's regulatory layers are discussing the restoration of imports of Australia and coal, and four companies such as Baowu are expected to be opened in the first wave.
According to Bloomberg, people familiar with the matter pointed out that the China National Development and Reform Commission met with some electricity and steel companies on Tuesday (January 3) to discuss the restoration of the import of Australian coal imports.It is planned to first allow Baowu, Datang, Huaneng, and Guoneng to import coal from Australia.The ban may be canceled as early as April 1.
China has been the largest trading partner in Australia in the past, and the Chinese market is crucial to the export of minerals in Australia.However, the relationship between the two countries has continued to deteriorate due to spy penetration and ban on Huawei in the past few years, and the source investigation of the epidemic situation has prompted China to disclose the import of Australian coal in non -publicly at the end of 2020.China is expected to revoke the ban and confirm the recovery of the relationship between the two parties.
