In retaliation against Australia, the CCP’s iron ore imports surged in August
According to data released by the General Administration of Customs of the Communist Party of China on September 7—although the Chinese Communist government tried to reduce steel production and ease the rise in commodity prices, the Party still imported 97.492 million tons of iron ore and concentrate in August. Granted, this data has not yet reached the level of the same period last year, it has skyrocketed by 10.2% over July's data.
Guinean President Condé Collapses, The CCP’s Iron Ore Dream May Be Shattered
On September 5, a military coup occurred in Guinea, and President Condé was detained. Since coming to power on November 7, 2010, Condé has actively embraced the CCP’s "One Belt, One Road" colonial policy and has developed close economic cooperation with the CCP. Guinea has many mineral resources, large reserves, wide distribution, and great potential for mining value. Now, The CCP’s iron ore dream may be shattered.