SYDNEY -- Australia has pulled itself out of its first recession in three decades thanks to its success against COVID-19, and China's appetite for resources looks likely to keep the economy humming despite the two countries' worsening tensions.
Hunger for iron ore offsets Beijing's clampdown on other commodities for now
A worker prepares imported iron ore for transport at a port in China's Jiangsu Province in 2019. © Reuters
SYDNEY -- Australia has pulled itself out of its first recession in three decades thanks to its success against COVID-19, and China's appetite for resources looks likely to keep the economy humming despite the two countries' worsening tensions.