China’s boycott of Australian coals helps India
Updated Sep 01, 2021 03:33 am
- Australia is the world's largest exporter of coming coal, which is used in making steel. It is also the world's second latest exporter of Thermal coal, which is used in power plants. China is the world's largest importer of coal and is followed by India and Japan.
- After China unofficially boycotted Australian coal last October, the flow of coal in the global world has undergone many radical changes. China had boycotted Australian coal as a part of a major escalation of the two countries' trade conflict. While Chinese imports of Australian coal have virtually dropped to zero, imports from other countries have gone up and filled the gap nicely. Coal makes up about 60% of China's energy needs. Hence, a steady supply of coal is critical for its energy security.
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