Sentences with phrase «china slashed its spending»

The co-operative cited a spike in the Australian dollar and a global dairy market that continues to weaken after China slashed its spending on bulk dairy imports and amid Russia's ongoing trade sanctions on many western products.

Not exact matches

But here's what the UNEP says rich and poor countries should focus on: Rich countries should spend their efforts to slash their use of fossil fuels to avert carbon emissions (rapidly rising nations such as China, India and Brazil should focus on this as well), while poorer nations should spend at least one percent of GDP on expanding access to clean water and improving sanitation for the poor.