China Coal ‘Ban’ Won’t Have Big Effect: RBA

China Coal ‘Ban’ Won’t Have Big Effect: RBA
A man rides his scooter near the Shanghai Waigaoqiao Power Generator Company coal power plant in Shanghai on March 6, 2017. JOHANNES EISELE/AFP/Getty Images
AAP
By AAP
Updated:

Reserve Bank of Australia Governor Philip Lowe Lowe doesn’t expect the reported blocking of Australian coal imports at a port in China derail the economy.

A major Chinese port has reportedly halted imports of Australian coal, but Dr Lowe says he understands only two months worth of exports from Australia will be impacted.