Despite the economic interests of both countries, the political disagreements between China and Australia have escalated in recent years, and tensions are now beginning to reach a boiling point.
The Chinese economic engine requires vast quantities of raw materials such as coal to power industries. While the majority of the coal is mined domestically, China is increasingly dependent on imports to satisfy its needs. Australia, in comparison, is an important exporter of several raw materials which has benefited from the expanding South-east Asian economy in general and China’s in particular. However, relations between Canberra and Beijing have deteriorated significantly over the years and reached rock-bottom which is a major threat to the Australian mining industry.
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