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Thread: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

  1. #1

    Default China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    This is an ongoing political event but the long and short of it is that after years of Australia attacking China either via banning Huawei, ransacking and imprisoning Chinese journalists or joining Trump's trade and cold war, the Chinese really only started to attack Australia's trade when the Australian Prime Minister made an official statement to persecute a Chinese artist for speaking up against Australian SAS atrocities in Afghanistan:




    Just today, australian timber was targeted, just one of a long list of australian products that are now excluded from the lucrative Chinese market: barley, cotton, beef, lobsters, coal etc, seems like every week there's a new australian product that gets targeted by China for exclusion.

    China-dependent Australia unwise to risk trade war with Beijing, says ex-Canberra diplomat
    Source: https://www.scmp.com/economy/global-...mpaign=3090136

    But in the meantime, other nations like Russia, Indonesia and Mongolia, not to mention the US and Canada and the EU are more than happy to sup on what was formerly Australia's market share in the rich Chinese domestic market: https://twitter.com/CE_ChinaEconomy/...591031297?s=20

    But this isn't merely to teach Australia a lesson, a lot of this is to fulfil the Phase I trade deal with the US:
    China’s US barley, blueberry move focused on trade war deal, unrelated to coronavirus backlash against Australia
    Source: https://www.scmp.com/economy/global-...ontent=article

    Australia is losing this trade war, analysts posit a lost decade for australia unless the anglo nation kowtows and submits to China

    An all-out trade war with China would cost Australia 6% of GDP
    Source: https://theconversation.com/an-all-o...-of-gdp-151070

    But tbh, what China wants out of Australia isn't really all that out of the ordinary, basically, don't be america's lackey and actually have an independent foreign policy:

  2. #2
    conon394's Avatar hoi polloi
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    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Australia is losing this trade war, analysts posit a lost decade for australia unless the anglo nation kowtows and submits to China
    A news editorial without any figures or facts is not in fact a fact. It would fail a 300 level Econometrics course at a second rate university. It does have enough buzz terms for power point design class I suppose.
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  3. #3

    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Quote Originally Posted by conon394 View Post
    A news editorial without any figures or facts is not in fact a fact. It would fail a 300 level Econometrics course at a second rate university. It does have enough buzz terms for power point design class I suppose.
    mmmhmmm, and your evidence to back up your argument is....where?

    Australia desperately needs trade with China in order to keep its balance of payments; without the billions of dollars that trade brings (coal for eg was a $13.7bln trade in favour of Australian miners) there won't be any $$$ for social programs and/or military purchases.

    Secondly, the rest of Asia looks on with a sense of schadenfreude, at seeing this white anglo nation being put in its place. White anglos will be brought to heel sooner or later.

  4. #4
    RedGuard's Avatar Protector Domesticus
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    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Ideally the goal isn't to Pwn the Anglo, but to build socialism in Australia. On that front China is failing.

  5. #5
    antaeus's Avatar Simplism
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    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Australia runs a fairly large trade surplus with China, even in spite of the various actions of the past year. There are seasonal variations in this surplus, and Covid also plays a part. Lately this has been on the back of iron exports which form the largest single trade item between the two countries.

    Iron hasn't yet made it to the tariff list simply because with the competing Brazilian industry largely screwed at the moment, and the only other competing source in Africa not yet in production in a major way, there is no alternative. So while Australia has lost a lot of money over the last year in sectors like coal, wine and barley, the increase in iron value has made sure that overall the trade imbalance hasn't gone far outside of seasonal norms. It has allowed the Australian government to hold the line as it were.

    Certainly the affects of Chinese actions against specific sectors of the Australian economy are going to hurt. But this highlights the need for Australia to diversify away from dependence on exports to China and iron so far is providing a bridge to any economic restructuring that will obviously need to occur over the next 10 years.
    IN PATROCINIVM SVB MARENOSTRUM

  6. #6

    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Haha, China can't even content with Australia. Silly commies.

  7. #7
    antaeus's Avatar Simplism
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    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Australia might be small in population, but they're the global superpower when it comes to making money by destroying the environment.
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    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Quote Originally Posted by antaeus View Post
    Australia might be small in population, but they're the global superpower when it comes to making money by destroying the environment.
    Who has two thumbs, the biggest wild camel population in the world and the makes the most money off dirty coal?



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  9. #9
    Legio_Italica's Avatar Lost in Limbo
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    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Quote Originally Posted by Pontifex Maximus View Post
    Haha, China can't even content with Australia. Silly commies.
    Life is funny that way sometimes. All the US power and might in the world probably couldn’t produce the rolling blackouts and lack of fuel for heat that Beijing’s brilliant central planners have managed to self-inflict while trying to squeeze their tiny neighbor to the south. It’s like something out of an Ayn Rand novel.

    https://asiatimes.com/2020/12/power-...-out-in-china/

  10. #10

    Default Re: China Gouges Out The Five Eyes: Australia Crippled By Chinese Trade War

    Quote Originally Posted by Legio_Italica View Post
    Life is funny that way sometimes. All the US power and might in the world probably couldn’t produce the rolling blackouts and lack of fuel for heat that Beijing’s brilliant central planners have managed to self-inflict while trying to squeeze their tiny neighbor to the south. It’s like something out of an Ayn Rand novel.

    https://asiatimes.com/2020/12/power-...-out-in-china/
    All the US power and might in the world couldn't protect Americans from their own rolling blackouts and freezing texas storm; to date, one child has died from this debacle whilst no children have died in China from rolling blackouts. Fail State indeed.

    https://abcnews.go.com/US/wireStory/...risis-76115042

    In line with Chinese pressure on Australia, the lifeline of Chinese students giving money to Australian universities and the attached industries which rely on Chinese tourists/students eg pharmaceuticals, vitamins, food etc is being closed off.

    https://www.smh.com.au/politics/fede...26-p5764m.html

    Anglo Australia will learn sooner or later who their daddy is. They got a new Chinese daddy now.

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