Australia ‘stuck between a rock and hard place’ with China’s economic rise

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Managing your largest security threat when they’re your largest bilateral trading partner was tough enough before the arrival of COVID-19, let alone after it. Yet here we are in Australia, stuck between a rock and hard place when it comes to China.

Watching China become the economic superpower it has become today was once championed by Australians, especially our political and business leaders.

Huge numbers of Chinese tourists soon followed, quickly seeing the nation become the number one source of inbound passengers to Australia. But having witnessed the immense human and financial cost brought about by the pandemic, the rewards from the intertwined and increasingly complex relationship have now turned into a substantial risk for Australia.

Services such as tourism and education have also been in the firing line, creating financial hurt for some of the largest employing sectors in Australia. If China were to target Australia’s number one export, it would send input costs for steel production rocketing higher, decimating its vast steel industry and other industrial parts of the Chinese economy.

 

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Serve you Wright never ever put your egg's in one basket

The Dark Lord Dutton has this covered. In Beijing they must be talking about him at all levels.

The LNP attacked them just to win the bigot vote... They don't care what it costs the country.

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