China moves to gain more leverage over the price of iron ore | ABC News

China's government is reportedly moving to gain more leverage over the price of Australia's biggest export — iron ore. Subscribe: http://ab.co/1svxLVE Last year, Australia exported around $120 billion worth to China after prices hit all-time highs. East Asia correspondent Bill birtles reports. ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia