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With tensions rising in the South China Sea and regulatory pressure on the likes of Alibaba (NYSE: BABA) continuing to grow, the Chinese market is becoming an increasingly difficult one to navigate as Beijing seeks to exert itself on a global stage. China has long been seen as the investment darling, supported by an expanding…
And just like that, Australia’s coking coal-exporting days could be numbered. This week, Australian coking coal exports ordered by Chinese steel mills were diverted away to other countries, and the mills told to stop buying Australian coking coal, joining Beijing’s restrictions on Chinese utilities buying thermal coal, which is used in electric power generation. It’s…