This post was originally published on South China Morning Post.
China-Australia relations: Beijing raises wool import quota, but move not seen as sign of warming ties
Undeterred by the strong Australian dollar, Chinese buyers are snapping up Australian wool after Beijing lifted this year’s wool import quota – a rare positive sign amid frayed relations between the two countries.The development sparked hopes in some quarters that it could signal the start of a recovery in relations, but some analysts have downplayed its broader significance, noting that China was just complying with the terms of the two countries’ free-trade agreement.In the year’s first…