This article by the SMH ( not what one would reasonably call a Commo Red Rag) neatly summarises what I have been saying for years except that I take trade diversification aspiration one step further by proposing that we smelt/mill our Iron Ore & Bauxite here and as such diversify trade.
disallowed/national/put-down-the-megaphone-or-china-might-opt-for-other-imports-20200514-p54svj.html
China is building mega factories along the BRI , so why cant we build a few mega Steel & Aluminium mills ( inalienably Aussie owned) to add Aussie value & at the same time diversify trade dependance away from China. This, IMO,is putting Australia first.
Our 'Iron Barons" Twiggy, Reinharts, Wrights & Palmer are raking in the Billions under the current regime so why would the want to change a winning hand?
Its up to us to nudge our Government in the right direction to secure a better future for all Aussies, not just our "iron Barons"
- Forums
- Economics
- China's OBI barrelling ahead
China's OBI barrelling ahead, page-8
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online