Fitch believes Australia’s agriculture, tourism and education sectors are among those most exposed to a potential escalation in bilateral trade tensions between Australia and China. China imposed tariffs on imports of Australian barley and suspended some Australian beef imports.
Record Number of Chinese, Indian and American Tourists Visit Australia
In the midst of trade wars and Australia’s awkward position between China and America an interesting fact has emerged, China is now the top origin of tourists to Australia. The Chinese takeover neighbour New Zealand as the top source country.