China ’desperately needs’ Australian iron ore

Sky News Business Editor Ross Greenwood says Australia right now economically is not feeling any impact from China’s trade bans because they desperately need our iron ore. China imposed tariffs and bans on a multitude of Australian goods including wine, barley and beef. “They’re (Australian exporters) finding other markets. Japan, Korea, Indonesia, Malaysia – areas in our region that want our goods and services,” Mr Greenwood said.