Handing out more dole and offering tax concessions is a lazy attempt at rebuilding the economy and will simply rise soverign debt without structural change to minimise our economic dependance on China.
We have clearly indicated to China that we support the USA which has a long term policy of debunking the CCP and replacing it with a US Capitalist friendly Economic/Political regime and, perhaps like the USSR, splitting it up into small States that dont pose a security threat to US Hedgemony.
As such the CCP & Xi , like the north Korean Communist Party/Leadership, is fighting for its life and, IMO, it'll do whatever it takes to remain in power including outright war.
At present we have missed our opportunity to avoid China's defacto trade sanctions on Aus. Astute Aussie political leaders 4 years ago could have volunteered Australia as a Mediator in the Trump/China trade war and as such we could have been percieved by either side as non-biased. Now that we have clearly shown our bias in favour of the USA (at enormous economic cost to Australia) that window is no longer open, IMO.
Once we signalled our pro-USA bias to China 4 years ago, China turned down the wick the resource development in Aus and diverted it to Russia, Africa, South America & 3rd world countries along its OBI routes. In other words, China has already implemented its "Plan B".
Do we have a Plan B to counter that?.......Na, and that's why we need National Economic Cabinet as suggested above; not a bevvy of self serving politicians who are selling Australia down the river for the sake of re-election in the short term.
