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Asia Pacific

China admits Australian coal as energy crisis grows and factories shut down | Source: The New Daily

In a humiliating loss of face, energy-starved China’s ban on Australian coal has been unofficially rescinded as the country grapples with blackouts and shuttered factories. China’s tough talk about punishing Australia did not survive the first of the coming winter’s chills and related economic impact. Already a handful of Australian cargoes waiting outside Chinese ports were allowed to berth and discharge their cargoes.

Source: The New Daily


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