Australia learns there’s no replacement for the Chinese consumer

12 days ago Mining.com

Operators can’t afford just to wait and see when China’s Covid Zero policies will ease, so to try and bridge the gap, Tourism Australia is counting on a revival from other countries, including India. The posts delivered a billion impressions, according to Tourism Australia. Enrollments from China, Australia’s biggest source of international students, are still less than 70% of their pre-pandemic levels, according to government data. The boom only grew in 2022, as the demand for fossil fuels sparked by the invasion of Ukraine put Australia’s coal industry on track for one of its most lucrative years ever. Experts now suggest the biggest threat to Australia’s coal exports isn’t China’s lingering ban but the steady march towards renewable energy in some of the country’s biggest commodity markets.
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