The ASX’s China problem is getting worse… and quickly

It’s no secret that the bilateral relationship between Australia and the People’s Republic of China has been on the rocks for a while now. A few months ago, I penned a piece discussing the ASX’s ‘China problem’. This all started last year when Australia called for an independent inquiry into the origins of the coronavirus pandemic. Following that, the Australian government has also been criticised by China for its comments on human rights violations in Xinjiang. As well as in Hong Kong. A resulting diplomatic tit-for-tat ensued, which has escalated into a series of trade boycotts from China. Last year saw China impose import restrictions on Australian wine and barley.

Today, a number of ASX companies have been severely…

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