The reports last week that China may have banned Coal imports from Australia is one headline to keep a note of. The reason for this is because around 30% of Australia’s GDP comes from its trade with China. Australia’s biggest trading partner is China. Take a look at the list of Australia’s trading partners below and you can see that China sits very firmly at the top of the pile. In terms of Coal exports, this makes up around 20% of all Australia’s exports. It’s a very big deal. In terms of GDP coal imports made up around 3.2% of Australia’s GDP. Of these coal imports just under one-fifth of them go to China. So, this ... (full story)