and why does this benefit the exporter,
why does china want to import those good/s
eg. do they not have that particular good etc.
Weat, wool ,cotton, steel, coal I think even rice lol irony much! This is mainly becaue hHina has very limited space for agriculture and a very large population. Also because it is such an old civilisation many natural relsources like coal, metal ores and timber have already been used up.
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Weat, wool ,cotton, steel, coal I think even rice lol irony much! This is mainly becaue hHina has very limited space for agriculture and a very large population. Also because it is such an old civilisation many natural relsources like coal, metal ores and timber have already been used up.
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Our Biggest export to China is Coal and Iron,
This is simply because China does not produce enough of these items to fuel its growth.
How does this benefit Australia? – Well we are making alot of money from it and its is fueling our economy.
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milk, cheese and powdered milk.
we export something like 80% of our milk because we produce too much and we get more money for it. china imports it because it is high quality and they dont produce enough
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im a dairy farmer
All China wants from Australia is its raw resources such as fuel for energy production and raw material for metal production. Timber for construction or manufacturing. Recently Natural Gas is also been exported to China.
Coal and Iron Ore are major exports to China. China is a country that is very hungry for minerals for its super power economy and Australia also exports high quality food products such as wheat, diary products and seafood.
There has been a few new Australian Billionaires due to export of iron ore to China.
Australia is a country rich in natural resources and now it heavily rely on China buying its resources. China gave Australia its economical boom for a period of time before a few weeks ago when the US stuffed everyone up. China contributes a very very important part of the Australian economy.
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