More than pandas and lobsters: What Australians are hoping for from the Chinese Premier's visit

  • 📰 SBSNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 89%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The expected extension of a panda loan is among the items on the Chinese Premier's agenda during his visit to Australia — but some are hoping for more serious discussions.

Australian rock lobster producers are hopeful a visit by Chinese Premier Li Qiang will result in an end to crippling sanctions on their exports. Beijing's second-in-command will visit Australia from June 15-18, the first trip by a Chinese premier in seven years. Prime Minister Anthony Albanese has promised to raise points of contention with Li, including the Chinese military's dangerous actions towards Australian Defence Force personnel in a number of incidents.

South Australian lobster fisherman Kyri Toumazos said as a result of the sanctions, the industry's revenue was between 50 to 60 per cent of its pre-pandemic levels. "The impact has been catastrophic for us," he said. "Businesses have chosen to exit the industry. Exporters have chosen to stop trading. Traditional family businesses have had to make the difficult decision of selling their licences.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LOANS

Loans Loans Latest News, Loans Loans Headlines