The budget assumes a price of $US55 a tonne. It's currently at $US120, driven by supply restrictions on Brazilian iron ore and rampaging demand from China. The difference between the two prices? $47 billion, or almost twice the cost of the government's full personal income tax cut package between 2020 and 2022.It's not just mining. It's food and merchandise, students and tourists. On all counts, China is Australia's number one market.
The third largest item in the Foreign Affairs expenditure is $25 million to make sure prospective arrangements between state and territory governments and foreign governments are consistent with Australian foreign policy. That is a domestic initiative delivered through a globally-focussed department.Credit:The second largest is $62.6 million over four years to support the Comprehensive Strategic Partnership with India.
Without genuine attempts at diversification, it leaves that other Australian national interest vulnerable to economic coercion: regional security.
ErykBagshaw The penny drops.
ErykBagshaw So what is the Chinese HUMAN RIGHTS charter like? You seem to know everything China, so I thought I'd ask...
ErykBagshaw So try harder to diversify.
ErykBagshaw China is a currency manipulator, one of the biggest polluters, has despicable human rights records, communism, and they steal technology to reproduce goods cheap. really is the enemy within
ErykBagshaw The reasons why Chinese bride cry before marriage for a month The brides have to cry everyday for an hour for a month before their wedding
ErykBagshaw This is the product of macroeconomics with China being the world’s factory floor. business with China should expire. As a country, they have leveled the banks and as a human rights violation nation, DanielAndrewsMP dismissal of their labor camps is the same as condoning them