China has weaponised Australian wine, Norwegian salmon and Canadian canola

The Dive | Business News

Australian wine sales to China dropped 98% in two years. That's not a typo. That's 98%. In the 2020 Financial Year, Australia sold $1.1 billion worth of wine to the world’s most populous country. In the last financial year, it sold just $25 million. It's not because the quality has dipped. This is a story about China. Call it economic coercion, call it weaponisation of trade, or just call it buying from friendly markets... this story is appearing with Canadian canola, Norwegian Salmon, and Philippino bananas as well. Today Alec and Sascha look at how China is using trade as an economic tool, and ask - how did Australian wine get caught up in it?

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