clive russell speaking _ barley more. clive russell speaking to _ barley more.ussell speaking to me. _ barley more. clive russell speaking to me. one - barley more. clive russell speaking to me. one of i barley more. clive russell. speaking to me. one of the world's biggest companies saudi aramco is do to report its reports later. echoing the trend across big oil. that's because we saw fossil fuel prices weekend, but that has been increasing, especially after production cuts by both saudi arabia and russia. we're also looking ahead to a few data points. japan will soon release the rate is reading on household spending for the month ofjuly. we'll see if the consumer prices were having an impact. china's economy is in focus on tuesday with trade figures due forjuly. global demand has left a drop in exports in the month ofjune, and midweek, we'll get the make insulation from the world's second biggest economy as china continues to struggle for post—pandemic rebound. rounding off and inflation will get us reading on thursday. any increase in price growth could press

i spoke to clive russell, who explains what's changed between beijing and canberra. the centreleft labor government was replacing the right—wing government. that allowed a reset of relations between beijing and canberra which had been rocky. there had not been benefit for other party from the action china took. it cost china a lot of money to buy coal and barley from other places, so it wasn't really a win for them and it didn't hurt australia as far as australia's miners were able to find alternate markets and didn't suffer that much at all. you said some tariffs remain but there are other sticking points in a relationship so is it possible they could go back to where they were or is a relationship on its way to recovery? china will always have difficulty with human rights and democratic freedoms and things like that. it is well understood by both sides who come from different perspectives and worldviews. the question is can we work with each other and how does that continue? obviously beijing wants canberra to be a little less close to the united states and a littl

earlier, i spoke to clive russell, an economist who explains what has changed. i explains what has changed. 1 think the major change was first a political one, australia had an election last year and the centre—left labour government was elected replacing the more right—wing liberal national coalition government which allowed a resumption of relations between beijing and canberra which had been rocky. it was also a creeping realisation that there hadn't been any benefit to either party from the trade action that china took, certainly of cost china a lot of money to, to buy .barley from other places, and coal as well, and it wasn't really a win for them and didn't really hurt australia so far as australian miners are .barley producers were able to find alternative markets and did not suffer much at all. figs alternative markets and did not suffer much at all.— suffer much at all. as you said, some _ suffer much at all. as you said, some tariffs - suffer much at all. as you said, some tariffs remain| suffer much at all. as you . said, some tariffs remain but there are still some sticking poin