Australian winemakers navigate impact of thawing trade ties with China

HUNTER VALLEY, Sydney: Like fellow wineries across Australia, Mr Bruce Tyrrell has had a strong three times.

Grapes like his lost a total of US$ 1.2 billion in business when China successfully imposed tariffs of up to 218 per share in 2020, putting an end to Australia’s wine industry.

Mr. Tyrrell’s community has been operating the orchard since 1858, which was a huge blow. &nbsp,

” The industry has suffered a lot of damage.” About a fourth of American wine was exported to China. It was the most beautiful industry. All was riding the dragon”, said the managing director of Tyrrell’s Wines.

Australia is currently experiencing a glut of wine, with vehicles and containers holding up the equivalent of 3 billion jars. &nbsp,

Even though most grapes have discovered new markets, it will take time to change that much investment. The majority of these businesses are much smaller than China.

” In the last 12 months, we’ve opened six new businesses. However, the six of those businesses put up are not as big as China”, Mr Tyrrell told CNA.

The tariffs were ended by China in late March, giving American wine producers a long-awaited relief after three years of punishing taxes.

While the shift has been great news for the country’s grapes, concerns remain on the future of business ties between the two nations. &nbsp,

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China’s health body probes hospital after surrogacy claims

After seeing a lot of social media coverage of the matter, China’s National Health Commission announced it was looking into a clinic in Chongqing’s south megalopolis for its alleged involvement in infertility, which is prohibited in China. Following a number of official inquiries last year about the issuing of falseContinue Reading

No final decision on Malaysia’s fuel subsidies cut, says PM Anwar, slamming media outlets over reports

As he criticized media outlets for reporting on such a move, Malaysia’s Prime Minister Anwar Ibrahim criticized the country’s ability to make a final decision regarding the timing of the gas payment cuts.

Although there was first discourse, there was no definitive decision regarding the implementation date, so the issue of removing the diesel subsidy was raised. The strategy needs to be explained. After meeting community leaders in Butterworth, Penang on Sunday ( May 5 ), Mr. Anwar told the media that the idea is to avoid burdening the people.

He even criticized “unethical” foreign media coverage of the gas subsidy cuts and attacked recent reports of alleged discussions to build a game in Johor’s Forest City project.

” Maybe because of our strong political attitude, neighboring and international media continue to criticize us in terms of bad information.” For instance, the alleged game development issue ( in Johor )… it was never discussed but it became a popular issue”, he said.

His notes came after Kuala Kubu Bharu by-election in Selangor on May 11 was reported as fuel subsidies may be slashed by June. According to experts, the by-election will examine the dynamics of Mr. Anwar’s unity government against various factions. &nbsp,

According to The Straits Times, citing formal and business publications, gasoline prices may “float to business rates” “in a matter of weeks” after May 11, followed by a gradual rise in gasoline retail prices.

Since gasoline was widely used in those states, Mr. Anwar recently stated that Peninsular Malaysia would receive re-targeted diesel subsidies in phases, while Sabah and Sarawak would not be.

Rafizi Ramli, the minister of economics, stated in November that specific subsidies for gasoline and diesel are likely to be used to implement them this year using various methods, including personal net disposable income.

In mid-April, Mr. Anwar met Genting Group chairman and CEO Lim Kok Thay in Forest City, according to a report from Bloomberg’s news outlet next month. Malaysia’s prince, Sultan Ibrahim Iskandar of Johor, was even represented.

Following the report, Mr Anwar said plans for the game were” a lie”. &nbsp,

Inspector-General of Police Razarudin Husain announced last Friday that Malay police would also report a declaration from the editor of an unknown English news portal about the story.

According to Mr. Anwar,” We value the press freedom, but information may get based on facts.”

&nbsp,” The data needs to be from credible resources. Especially, as this ( fuel subsidy ) is a matter of policy that requires the government to give notice and make an announcement”, he added.

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