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Australia Looks to Reduce Dependence on China Due to ‘Coercion’

  • Frydenberg says Australia will seek new buyers for its exports
  • Treasurer denies his 2022 budget ignored climate change action

Australia will invest more to find new buyers for its exports in an effort to ease trade dependence on China, its treasurer said, in the face of “economic coercion” from Beijing that shows little sign of abating.

In an interview with Bloomberg, Josh Frydenberg said the government was “investing more in trade diversification” after China subjected products ranging from coal to barley, lobsters and wine to punitive trade actions.