In a statement on a Chinese government website, Beijing declared the decision was based on the current attitude of the Australian government towards China-Australia cooperation. “They’re not really going to sanction the stuff that they need, and we’ve seen record iron ore prices,” Mr Sara said.
“They can sanction barley, they can sanction wine, they can do some of the things that hurt us that don’t hurt them. “I think they have run out of those economic levers for now - don’t ever rule it out - but taking this action is just another step in, I think, China isolating itself rather than strengthening its own position."
China is stockpiling Australian iron ore at high prices for still profitable steel making. China won’t cut this off until Brazil becomes reliable supplier in 2023. 2023 will be interesting.
Maybe they're waiting until Morrison and the rest of the Murdoch Party are voted into political oblivion at the next election so they can resume talks with actual diplomats who know what they're on about, as opposed to the corrupt marionettes currently in power.
I don't blame Australia，As a running dog of America. Australia actually has not any rights to choose how to act..
Sure thing Murdoch news. When are you going to retire ?
Defence strategist isn't an economic strategist. Trade relations is for long term survival of the population and national interest. Post Covid and global spending, the crave for commodities will be back to normal Brazil and others have plenty of it to supply not just Australia
I guess is not Sky News's place to judge if the defence strategist was intelligent with that take. 'China isolating its self'.
🤷🏻♂️
Why are Australia creating conflict with our biggest trading partner. We are a small country. What the hell is this government doing?
Is China isolating itself or Australia. Obvious answer.
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
China blames latest deterioration in relationship on Australia's 'Cold War mindset' | Sky News AustraliaChina has blamed Australia's 'Cold War mindset' for the latest deterioration in the diplomatic relationship after it indefinitely suspended a major bilateral agreement.\n \nDespite the ongoing Beijing ban on Australian products like barley and seafood, Trade Minister Dan Tehan has told Sky News the economic relationship will continue.\n\n Shows exactly how China does not like being challenged and the typical bully reaction that follows. PeterDutton_MP MarisePayne All this playing politics is going to ruin lives and livelihoods. Great move by China. Australia politicians deserve this.
Source: SkyNewsAust - 🏆 7. / 78 Read more »