Oh well, spent whole 2 hours reading the whole thread. This TWE saga is a good study case. Have to admit this is kind of risk you have to accept when you deal with scumbag CCP government. The major thing that TWE did not do right is not distributing it's markets in a better position. You can't really blame Scomo for taking the firm stance in recent cases. You don't submit to gangsters, otherwise you will be ransomed forever.
Some people comfort themselves that the bulk packaged wine is not included in current tarriff. But dealing with unreasonalbe scumbags, you can be taxed at whatever scope/level any time, it's not up to you. If TWE management bite the bullet and seriously consider switching market focus to other countries, particularly more rule-obeying western countries, they still have the chance. Afterall, if you have good products, you'll find customers, though may not receive premium profits like past years. Chinese are sheeples, they consume in hype. Once they replace Aussie brands, they will unlikely to come back.
Think about pre-2000, when Aussies did not depend too much on China, weren't most people living much more comfortable lifes? People had less money, but the living costs were much lower, so it doesn't matter. We were happy. So, in the nut shell, WE DO NOT NEED CHINA as most of people think. Bring back manufacturing, tax 1000% on those China made cheapies, rebuild our own industries. Keep the world class products to us Aussies. The CCP scumbags don't deserve our top notch lobsters and fine wines. they only deserve sewage oil cooked garbage yabbies (little lobsster as they name it?).
Many good people abandoned China and immigrated to Australia for good reasons, and I believe the most important one is intolerant to the CCP regime and the values prevail in China. If CCP dare to wage a war against Australia, I believe most of Chinese immigrants are willing to pick up weapons and fight for Australia.
Current Aussie coal, lobster and wine stories is a pain that we have to wade through. We ponder, evolve and will be reborn.
TWE Price at posting:
$8.65 Sentiment: None Disclosure: Not Held
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