Deepin Moments: Australia Ignores the Dollar, Iron Ore Transactions are Settled Directly in RMB


Deepin Moments
Nov 2, 2022

Resources are always the most important thing in the development of a country, especially for China, which is developing very fast and has a huge demand for resources. For this reason China has always maintained good trade cooperation with the world’s major energy exporters, such as Saudi Arabia and Russia.

Australia was once one of China’s solid trading partners, but over the years trade cooperation between China and Australia has not been what it used to be, and the Australian side has even started to restrict China’s iron ore imports in Australia. But now Australia seems to be unable to hold up and has started to deliver iron ore to its doorstep and use RMB settlement directly, what is going on?Show less


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