Australian wool farmers fear price declines as China’s economy slows

Global Business

The recent slowing in China’s economy has led to a steady drop in Australian wool prices as China is one of the most important players in Australia’s multi-billion dollar wool industry, importing about 80 percent of the country’s wool.

CCTV’s Greg Navarro reported this story from Yass, Australia.

Australian wool farmers fear price declines as China\'s economy slows

Australian wool farmers fear price declines as China\'s economy slows

The recent slowing in China's economy has led to a steady drop in Australian wool prices as China is one of the most important players in Australia's multi-billion dollar wool industry, importing about 80 percent of the country's wool. CCTV's Greg Navarro reported this story from Yass, Australia.