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Business or politics? China's coal cut kills two birds with one stone

What makes most sense is that China's gentle brake on Australian coal imports kills two birds with one stone. And as such it delivers an exaggerated impact.

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The coal producers are nervous and their share prices have been hit, the Australian dollar is rolling around punch drunk, and Canberra is nervously struggling to assure the community that the Chinese/Australian relationship is tight.

But Canberra can't explain why ships are floating outside certain Chinese ports still laden with Australian coal – other than …
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