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.
Source: Financial Digest (financialdigest.net)
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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China tourist attractions swarmed by tourists ignoring social distancingSure, we may be in the midst of a global pandemic, but that hasn’t stopped swarms of tourists from ditching social distancing rules and flocking to the Great Wall of China. Stop the bloody lies. Why is it shocking Ok so every time there is gonna be a crowd media gonna go “this is shocking” 🤣 ThisIsNotJournalism
Source: newscomauHQ - 🏆 9. / 77 Read more »
US building obliterated, as China expands Cambodian naval baseThe demolition of a US-funded building at Cambodia's Ream Naval Base has heightened concerns China will use the facility for access to the South China Sea from the Gulf of Thailand | jamesmassola jamesmassola You are a bit late on the seen - it’s Twitter dumbasses !! We knew about this ages ago ! jamesmassola SMH, you are saying the US can build military bases in Darwin and all over the world but China can't do the same in Cambodia with their permission? The sheer hyprocy and arrogance. jamesmassola I love this story - a US funded & Australian building “was obliterated” to build Ream naval base in Cambodia. FFS - The US and Australia desperately tried to obliterate the entire east of Cambodian during the Vietnam war. Unexploded ordinance still blow the limbs off farmers.
Source: smh - 🏆 6. / 80 Read more »
Britain may boycott Beijing Winter Olympics over Xinjiang abuses, says RaabPew Research Centre polling revealed unfavourable views of China across 14 advanced economies with the highest dissatisfaction rating — 81 per cent — recorded in Australia. Words are cheap Unlikely The world needs the Olympics the athletes need the Olympic ... dont make it a political football and consider not showing up ... AUSOlympicTeam TeamUSA NBCOlympics
Source: smh - 🏆 6. / 80 Read more »
Australia’s national debt won’t be paid off until 2080Josh Frydenberg and Scott Morrison have saddled Australia with a century of debt. Frydenberg has put us in a big Red hole Well not worried about that will never be paid off🤦🏻♂️🤷🏻♂️ something else bound to happen between now and then 🙄🤔 Is that when Herd Immunity is expected?
Source: newscomauHQ - 🏆 9. / 77 Read more »
Baby killed: Car rollover in WA’s Pilbara regionA one-year-old baby has died in a car rollover in Western Australia’s north, while another child and two adults were not injured.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Lanning continues mind-blowing chasing record1️⃣0️⃣1️⃣ Not Out 96 Balls 9 Fours 3 Sixes What an innings from Meg Lanning! 👏🏏 READ MORE ➡️ 9WWOS Cricket 🌟🌟🌟🌟 Does this give Meg a 100 average against New Zealand CricketAus
Source: wwos - 🏆 12. / 68 Read more »