Morrison is completely out of his depth dealing with China. As an marketing guy he thinks he can fix things just with some mealy mouthed words.
Well he can't. He is going to have to swallow his pride, stop antagonising China unnecessarily and actually take action to fix things. Unbanning Huawei would be a good place to start. I don't think he is capable of it. He is going to blather on, avoiding any responsibility, whilst the entire Oz economy hits the skids.
After Brazil gets going again, iron ore will also be a target. China doesn't need Oz (as much as we flatter ourselves to think) in any particular export.
TWE Price at posting:
$9.23 Sentiment: Sell Disclosure: Not Held
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