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This is an excellent article by Auntie on the China...

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moorookamick

21,930 Posts.

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06/09/20

23:15

Post #: 47128744
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Originally posted by moorookamick: ↑

The challenge is to find an Aus economy saving way out of our economic dependance on China. Any mug can berate the CCP but there are very few wise guys on these threads with any idea as to how we can wean ourselves off China dependance without bankrupting the country.

Doing nothing and copping it sweet is not an option, IMO.

IMO we should be calling in our good US relationship and asking for a lazy $half trillion USD interest free loan to build the neccessary infrastructure
to process our iron ore , starve China of supply and pump finished product into China's global customers.

We just need the lollies; not the US entourage of equity opportunists!

The USA is spending nearly a Trillion a year on armed forces & intelligence units primarily to wreck the Chinese economy as it did with the USSR. For this reason we dont want to be collateral damage while backing the USA in their anti-China quest.

Trump is only interested in cutting Chinese deals (eg: January farm deal) ; not in decoupling.

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This is an excellent article by Auntie on the China snag:

https://www.abc.net.au/news/2020-08-31/why-iron-ore-has-been-out-of-bounds-in-the-china-trade-war/12611498
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