This will have wide reaching implications for Australian companies looking for capital or wishing to sell businesses. At the very least it will remove some competitive tension for asset sales.
Whitehaven boss Paul Flynn said on Thursday that the China ban was prompting a realignment of international markets and trade flows for coal. The OECD last month warned that Australia's recovery from the pandemic recession could be held back by its dispute with China as coal exports to the country are squeezed.Specialist research firm Wood Mackenzie noted in December that China's preparedness to pay as much as $US180 a tonne for hard coking [metallurgical] coal illustrated the difficulty it was having replacing Australian imports.
EKnightOfficial Absolutely. If you own a shop & you continuously insult& deride your biggest & most frequent customer, & then that customer says 'I don't need to put up with this' and shops somewhere else, the shopkeeper only has themselves to blame. The customer is well within his rights too
EKnightOfficial The rampant sinophobic approach taken by Australian foreign affairs strategists & 🇦🇺 press, is about as self-defeatist and regressive as it can get. Australian businesses & by extension workers will cop the fallout of this stupidity for many yrs to come.
EKnightOfficial China is going after renewables! Plus we should have been smarter & not be dependent on one nation to . Diversification
EKnightOfficial Sadly, here's the pub question (abbreviated) when Australians see such a headline: 'Another journo bought or pressured?' Confusing times. Ask yourself before you type another one out: Could short-term pain result in long-term gain?
EKnightOfficial Time to work harder on finding out alternate areas for Aussie goods.
EKnightOfficial Morrison Govt is more reactive, than Trump, just more covert & sinister. Business needs to stand up & tell Scomo to stop interfering. NowWHO etc are converging on China for an investigation which Scomo initiated,with his petition its no wonder CCP say he is too big for his boots
EKnightOfficial China is going for renewables and does not need as much coal. read this article showing how SCOMO screwed up the Australia China relationship
EKnightOfficial Morrison has destroyed the export market and exporters are paying the price
EKnightOfficial Stand strong... China comes around if someone stands up to it... India has shown it in Himalayas
EKnightOfficial they want to save the best till last
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China warns Australia to 'respect' legal authority after arrest of Australian citizen | Sky News AustraliaChinese authorities have urged Australia to 'respect' its judicial authority, accusing the Morrison Government of interfering in its legal proceedings relating to Australian citizen Cheng Lei.\n\nMs Lei was formally arrested in China last Friday and accused of illegally supplying state secrets overseas, after being detained for six months.\n\nThe federal government has confirmed it continues to raise concerns at consular levels and seek assurances about her treatment in China.\n what will be the penalty for being a spy
Source: SkyNewsAust - 🏆 7. / 78 Read more »
China making ‘acts of war’ with recent legislation: Molan | Sky News AustraliaLegislation recently passed in China allows the country’s military to do things which are “in my view, acts of war”, says Liberal Senator Jim Molan.\n\nHis comments come after China passed laws which give coastguard the power to fire on foreign vessels.\n\nSky News host Chris Smith noted Beijing then 24 hours later flew nuclear equipped war bombers over Taiwanese airspace.\n\nMr Molan said these moves demonstrate China has “ratcheted this up”.\n\n“They’re putting a bit of pressure on President Biden,” he said.\n\n“The big question is how far are they going to push it. They didn’t have to pass that legislation.”\n\nMr Molan said the legislation also allowed Chinese military to do a “large number of other things” which are “in my view, acts of war”.\n\n“The probability of war, I think it is not just possible … but it’s much more likely than most people are talking about.”\n JimMolan I mean, im not picking sides but China would say the same about most countries, including us JimMolan IS CHINA DOING THIS? JimMolan
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australian citizen Cheng Lei arrested in China | Sky News AustraliaAustralian citizen Cheng Lei has been formally arrested in China after being detained for six months.\n\nForeign Affairs Minister Marise Payne confirmed Ms Lei was arrested last Friday, accused of illegally supplying state secrets overseas.\n Arrested for telling the truth She covered the news about COVID19, and later on got detained shiroihamusan People speaking the truth are always jailed, tortured, even killed. Liars always get rewarded, promoted, & rich. This is ccp. CCPLiedPeopleDied BoycottBeijing2022 StandWithHongKong Detain person with no reason. Now they find one. Ridiculous law system in China.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australian wine exports to China fall by 98 per cent | Sky News AustraliaAustralia’s wine industry has taken a phenomenal hit in just two months – with exports to China plummeting by 98 per cent between October and December. \n\nFollowing crushing new import taxes, China imposed tariffs of up to 212 per cent in November as part of an anti-dumping inquiry. \n\nExports have since dropped by $158 million – down from $162 million in October to $4 million in December, with red wine exports taking the biggest hit. \n we need to stop buying Chinese productd The loss of the China market is a major blow to the wine industry but they got greedy and became too dependent on a flimsy market. Local wine in fake ‘Grange’ bottles. Widespread theft of branding. Australia ignored the dangers. The Aussie wine industry is dominated by four large corporations. Its probably going to only seriously affect a small number of businesses.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australian universities are 'high on the list of institutions' China aims to control | Sky News AustraliaSky News host Catherine McGregor says Australian universities should be more transparent about their connections to China.\n\n“The cash cow upon which the tertiary sector has been built, until the COVID lockdown and closure of borders, has been soft money pouring in from foreign enrolments,” she told Sky News host Alan Jones. \n\nMs McGregor said China seeks out universities as they are “high on the list of institutions that they seek to exert control over and infiltrate” and Australian universities allow this as international students pay full university fees.\n\n“If our values are for sale then China will win.”\n They’re typical socialists. Always deny it. Disgusting
Source: SkyNewsAust - 🏆 7. / 78 Read more »
China slams Australia for blocking Chinese company's bid for Australian builderChina's government slams Australia's decision to block a Chinese company's $300 million bid for the Australian construction firm Probuild, accusing the Federal Government of further undermining trust between the two countries. Would an Australian company be allowed to buy a Chinese builder? Or any other company, for that matter? Can't have it both ways CCP. Can't impose destructive tariff on our produce and still expect to buy our companies. You are not dealing with a spineless labor government led by Kevin Rudd. Keep up.
Source: abcnews - 🏆 5. / 83 Read more »