Aus should reduce IO exports now

Originally posted by ex bull: ↑

Australia's over reliance on Io exports to China is worse than an own goal in a World Cup final.

There is no chance that the CCP will not stop our IO exports when conditions allow this. They play a long vicious game that is littered with the corpses of tens of millions to prove it. The CCP bureaucracy intends to survive no matter what the cost.

Australia was one of the first to question China's spreading policy of covid. This is seen as insolent. It would seem that any number of public figures were on the CCP payroll here yet were not able to muzzle the question.

Because China is a neo-colonial power it controls countless countries economically and hence politically. Loan sharkism.

By beginning to reduce our IO exports the price should sky-rocket. McGowan would of course attempt to or threaten to secede. It would also buy time for the readjustment that will be necessary when the CCP does cut off IO completely.

It is worth remembering how the stalinist mind works. Both Mao and Stalin ruined their agriculture production thereby bringing on famines. So they had to choose who was going to die of starvation. Any regions that had resisted their domination was first to die.

Australia has resisted the CCP's attempt to dominate us and hence we are about first on their hate list.

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IMO we (Australia) & not Multinationals, should make hay while the sun shines whether that be in Iron Ore, Coal etc.

That said however China knows that the Commonwealth Government is over an American Barrel if it interferes with
trade in such a way that negatively impacts on US investors.

The US has a law which in summary permits US investors to sue foreign Governments who enact legislation
or regulations that negatively impact overseas investments.

For example US investors own 75% of BHP (a total of 92% is foreign owned) and 65% of Rio (a total of 88% of Rio
is foreign owned)

https://www.news.com.au/finance/business/us-ownership-of-australias-biggest-companies/news-story/5e0361d3e4433be0c4c1c40c8254cac1

Even China has not that much grip on us. Just have a further look at US ownership of "our" other big businesses.

That said, IMO, we should use the threat of withholding Iron Ore from China to force China back to the Trade negotiating table
just as Trump used China's access to US consumer markets as a lever .

But rather than sling shit publicly at China ( we know what China is) we should make as much money for The Commonwealth
as possible from China Trade in the shorter term while developing downstream processing of our Raw exports so that we can
go around (not through) China to global markets with superior manufactured steel & aluminium products etc.

We dont get mad, just plan & get even eh:
So far we've been displaying weakness to China; not strength.
Had we retained the MRRT 9 Abbott canned it in 2013) and invested that in mega/optimum automated steel smelters & mills we could have two already up and going with an aluminium one in prospect but of course our two top Billionaires scotched that (via the Minerals Council of Australia) and benefited as evidenced by their respective wealth increase over the past 8 years.