Australia understands that there's no replacement for Chinese consumers

The Australian government did many things during the 30-month trade rift with China. Many funds were invested to attract Indian tourists, and new Middle Eastern markets were opened. Also, a free-trade deal was signed with Britain which went through Brexit.

However, many exporters had great difficulties. The exception was those who were engaged in the export of iron ore and other raw materials. It turned out that it is rather difficult for the Australian economy to realize independence from the Celestial Empire.

China is unable to provide itself with iron ore outside the Australian Pilbara region. This means that despite the freezing of diplomatic relations, the countries remain the most important trading partners.

For other significant industries, finding a replacement was also difficult. This applies to the consumption of quality seafood and wine, as well as the flow of tourists and students. Previously, they were held back by restrictions associated with the coronavirus pandemic.

Nevertheless, there are signs that Australia-China relations are improving. Last week new Prime Minister Anthony Albanese met General Secretary of the Communist Party Xi Jinping. It was the first meeting of the heads of the two countries since 2019.