Wine and Lobsters Could Be Next in China-Australia Trade Thaw

(Bloomberg) — China’s trade restrictions on Australian wine, lobsters and other goods could be the next to ease amid a warming of diplomatic ties and expectations that Beijing will soon resume imports of coal.

Curbs on commodity imports will probably ease gradually and in an unofficial manner, said Hans Hendrischke, professor of Chinese Business and Management at the University of Sydney. While there’s some confidence that restrictions will be lifted, there’s currently no indication of timing, he said.