You have to love how vested interests are jumping up and down and telling Australian Goverment to bend over and take it from CCP and put the long term interests of the whole nation behind those that stand to profit from dealing with China.
China is the biggest bully out there and needs to be called out for its behaviour. They routinely devalue their currency to make their exports cheaper, dump their excess capacity around the world and kill local manufacturing, buy up assets around the world, and make a mockery of WTO. Yet if you're another country, try and sell something in China or buy any assets there. It's nearly impossible or you have to give your IP or have it stolen anyway.
The vested interests need to be told to do their job and look for other markets and if they can't survive without China, then shut up shop. That's what happens when you put all your eggs in one basket and don't manage your business risk by diversifying into other markets or products.
TWE Price at posting:
$7.96 Sentiment: None Disclosure: Held
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