After China restricted U.S. beef, Australia's exports to China surged by 65%.

Data shows: After China restricted US beef, Australia's beef exports to China surged by 65%

"China's de facto ban on US beef has benefited Australian cattle farmers and exporters," reported Nikkei Asia on October 13, stating that new data models show Australia will gain more benefits from President Trump's actions that have stirred up global trade.

According to the latest data from the Australian government, in the first seven months of this year, Australia's beef exports surged by 35% to 10 billion Australian dollars (approximately 46.5 billion yuan), with a 65% increase in exports to the Chinese market and a 48% rise in exports to the United States.

The report suggests that the growing demand from China for high-quality grain-fed beef marks a reversal in the fate of the Australian beef industry. Five years ago, when Sino-Australian diplomatic relations were poor, even affecting trade, which had previously caused significant damage to Australia.

Now, riding the wave of improving Sino-Australian relations, the Australian government is seeking to strengthen trade cooperation with China. The Australian government has launched a two-year initiative called "Opening New Markets Program," planning to invest 50 million Australian dollars (approximately 237 million yuan) to help domestic exporters better enter the Chinese market.

Australian Prime Minister Albanese made an official visit to China in July, his second visit to China as prime minister, with strengthening Sino-Australian economic and trade cooperation being the core agenda of this visit. He stated that relations with China mean creating job opportunities for Australia, "We hope to continue pursuing national interests, and maintaining good relations with China aligns with our interests."

Original: www.toutiao.com/article/1845848583514187/

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