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Trade

Despite China feud, Australia resource exports to hit record by value

Soaring iron ore prices make up for friction in bilateral trade

China continues to import Australian iron ore as part of its economic recovery push even as it imposes tariffs and other curbs on other Australian products.   © Reuters

SYDNEY/BEIJING -- While strained diplomatic ties have taken a toll on bilateral trade, China's enduring appetite for infrastructure has kept iron ore prices high, and is expected to lift Australia's resources and energy exports to record levels for the 12 months ending June.

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