Where once Chinese demand for all manner of Australian exports was seen as a key boon to a number of different industries, from agriculture to education, it is now increasingly viewed by many as a liability, as Beijing increasingly tightens the screws on the Morrison Government and the Australian economy more broadly.
Now as the coronavirus crisis continues to unfold, Chinese imports of Australian iron ore have taken on an even greater level of importance, as Beijing attempts to cope with the economic impact of the virus and the associated lockdowns.COVID-19 This view was shared by a group of analysts from Chinese Shandong-based brokerage firm Zhongtai Securities, who stated in a research report that it was likely that up to 70 million Chinese people may have lost their jobs during the crisis and that the true rate of unemployment was approximately 20.5 per cent.
These priorities have become increasingly apparent in recent days after a series of damaging floods across China, including Wuhan, the original epicentre of the global COVID-19 outbreak.
Sure it sounds good but it is no deterrent to the CCP and what it's goals are. They have the Belt and Road initiative which they have been implementing since 2013 and have funded many countries to supply them with resources as most nations have no chance of paying the CCP back...
Let's move on from China, let's be constructive and less focused on short term huge profits for companies.
china needs to be put in it’s place. The world has had enough of their lies, corruption and virus
There will be a big drop in the demand for iron ore shortly. All China needs to do is invest in the infrastructure of other iron ore producing countries to increase their capacity to meet their future demand
You do realise that iron ore is found in other countries, not just Australia
In Social media Terms lets unfriend china and move on = plenty of other countries in thew rodl wanting to rebuild industry that want our exports. Betters till lets make prodcust ourselves
Steel for it's Military arsenal... Pig Iron Bob lives on...
One thing in the back pocket is make a good relationship with China 🇨🇳 ! Win-Win is the best choice for Australia 🇦🇺!
Yes has the low down on how small time Australia really has it all over China ha ha ha chumps.
“Toeing the line”, guys, not “towing the line”. Think about it, context-wise, for a moment.
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Time to get rid of Morrison and replace him with a constructive leader who builds relationships with our trading partners not destroys them. ScottMorrisonMP
China need us more than we need them. Cut all ties
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