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Australia's never-ending spat with [/news/china/index.html China] has caused the trade surplus to plunge by 39 per cent in just three months.<br>China's insatiable demand  [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html kynghidongduong.vn] for iron ore, the commodity used to make steel, last year saw Australia become a net exporter for the first time since the early 1970s.<br>The current account surplus - where a nation exports more goods and services than it imports - shrank by 39 per cent in the September quarter,  [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html tour shangrila] following a series of diplomatic standoffs with China, Australia's biggest trading partner. <br>         Australia's never-ending spat with China has caused the trade surplus to plunge by 39 per cent in just three months.<br><br>China's insatiable demand for iron ore, the commodity used to make steel, last year saw Australia become a net exporter for the first time since the early 1970s<br>Official national [http://www.wired.com/search?query=accounts accounts] data for the September quarter showed the economy has emerged from a recession - the first in 29 years - with a 3.3 per cent growth pace in just three months, which was the fastest since early 1976.<br><div class="art-ins mol-factbox floatRHS news" data-version="2" id="mol-384a8580-342e-11eb-ad35-5dbc59ea78fc" website spat with China is ruining Australia&apos;s economy, threatening trade