How China Is Taking Over Australia’s Economy
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- čas přidán 13. 04. 2021
- How China Is Taking Over Australia’s Economy.
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nationalindustryinsights.aisc....
www.ruralhealth.org.au/book/e....
www.bbc.com/news/world-austra...
7news.com.au/business/trade/c....
www.worldstopexports.com/austr...
www.worldstopexports.com/austr...
www.bbc.com/news/business-539...
www.bbc.com/news/world-asia-c...
data.worldbank.org/indicator/...
www.theguardian.com/news/data...
wits.worldbank.org/CountryPro....
www.aspistrategist.org.au/no-...
www.rba.gov.au/publications/b...
I live in Australia and I don't even know where to begin on how Australia is so reliant on China. It's reached a point where Australia will do anything to keep China pleased. A few example of this includes pulling down certain artworks / articles because it didn't align with China's narrative, universities accepting a flood of Chinese students despite it affecting teaching quality, and more. Australia knows China's money can be dirty (i.e. consequential if we piss them off) but the money is just too good for the Australian government to walk away. In media, the government pretends to act tough on China but it's all for show. They still trade with China and have pretty much sold off so many Australian assets, lands, etc to China. Basically China has bought its way into Australia and some people even "joke" that Australia is now a province of China. Seriously, if you come to Sydney or Melbourne you'll be surprised how Chinese everything is (not that that is necessarily a bad thing but it shows just how much influence China has on Australia now).
That was true until 2020, all Chinese investment is now heavily scrutinised and mostly blocked by the government and I’m pretty sure no one is taking down artworks in Australia anymore to please the CCP.
@@michael7394 That's a really good point you raise and I sometimes wonder if we're being too harsh to China. I think there are definitely times when we're freaking out simply because it's China, but there are also definitely times when it warrants scrutiny given that the CCP has control in all Chinese organisations and their acquisitions are strategic for their country.
@@autobahn1974 You're totally right! I wonder if all this scrutiny is a little too late however.
Regarding the uni, there was a minor incident at UNSW and USYD about this but don't think it made headlines. As a student at one of these unis, it was pretty scary to witness Chinese students (including some of my friends) attack when something criticized their government.
@@michael7394 Just an Opinion from Philippines. If we would choose between those three, America and Europe is by far the lesser evil compared to China. We can't even talk properly with China when it comes to territory disputes with their neighboring countries even if it is within the international law. How much more when it comes to exported and imported products which they have more power on.
You should thank China because they are withdrawing from Australia. China are cuting off the trade, blocking the students and visitors, and investing on Australia’s competitors. 10 years later, China-Australia trade will be zero.
Correction: China has taken over Australia's economy.
When you make a claim or present an argument, you need to present concrete evidence. Until then I do not believe your story.
Claiming as such puts the burden of “proof” is on you
Australia needs to diversify their exports I think
That will be good for the Australian economy. They should have taken over, ore helped very many countries.
And US must stop print more money, ore a hyperinflation will happen, it is maybe even to late. But US have make to hade its falling GDP, it is faked
I talk to Australian business people fairly regularly and they are willing to sell goods to China but they don’t like buying goods from China. They prefer dealing with our US office over our Taiwan office even though they are perfectly aware of the tension btw China and Taiwan. Taiwan is slightly better than mainland China in their eyes but still don’t prefer buying from them.
For that reason, and others, China has a huge trade deficit to Australia. But I don’t hear many analysts saying the US is taking over the Chinese economy with its trade deficit. In fact, it’s the opposite. Ppl say China has too much influence over the US bc of how much US buys from China.
How can there be the same effect with opposing causes. It doesn’t make sense.
So why can’t the same be said about Australia’s influence over China? Why can’t Australia have the same power over China as is imagined with China v the US?
I think the fear mongering and distrust of China is rooted in racism. I can’t think of another explanation. Don’t get me wrong, the CCP certainly cannot be trusted. But the fear of China becoming too powerful is way overblown.
@@udontknowme7798 Says China, a country with entire cities of empty houses because Chinese don’t trust their own stock market and put everything in real estate. Says the country that will do everything to make it look like they have 6% annual growth minimum. China is projected to lose 400 million people by 2100 because people don’t have a lot of kids. Imagine maintaining growth through that….imagine if the US lost 28% of it’s population from 1925-2000. That’s the real future for China.
Australia's economy = dig stuff out from the land.
Oh, so patriotic! Makes us the Best Country in the World™
China's economy = Steal other countries intellectual property and then copy them.
@@colejones6312
Yes, I know because I studied history. The wheel was invented by the Aboriginal Natives of Australia but the criminals from Great Britain colonised them, stole their land, stole their lives and their wheel and made Australia what it is today.
@@frontseated5983 so sad Australia is a Chinese mining colony now even destroying native burial grounds for mining
@@frontseated5983 The wheel was invented in Mesopotamia. How dumb can you be?
Who would have thought the Australian governments to be so stupid ?
You will be surprised, many stupid leaders out there, voted by millions of stupid people. The better the IT, the worse humanity.
Pfft. You do realize the world doesn't want anything to do with China now because of the draconic regime of the CCP, right? Like literally, being voted doesn't matter, if they were even just tolerant of people living in their own country (Uighurs, Mongols, Tibetians, other minorities), they'd have an actual shot at sustaining their rise as a superpower. But no, they decided genocide was the only option and now act surprised when no one wants to work with them.
Wester democracy need selection. + Election process . Fools are getting elected in democracy .
@@josephnorton6859 yeah and democracy also makes it easy for the fools to be elected out of power, how do you elect a tyrant out of power in a dictatorship?
@@Nobody-pv9jt China is not a total dictatorship . 90 million party members elect their president .
I recall some academic warned Australia about this back in 2008.
China saved Australias economy in 2008
@@candicem9344 Nice. But as this result, Aussies are facing consequence of China money. Many Aussies ignored this academic when he was lecturing about this in Melbourne. I was there but no prominent Aussies showed up. Listen up, never open up country to China.
@@ytn00b3 same with US and India, just dont depend too much on any one country
China saving Aussie economy isnt good because China is a communist hellhole that doesnt wish good to its citizens let alone someone else.
This Video is made with so much detail and effort! Please do not get demotivated by still yet relatively low views if you take this quality into account. Wish you all the best !
Thank you!
If Australia feels that China money is dirty don't trade with them. Poking at your customer eyes is not a good way to treat your customer
That is what they should have done but they keep digging the hole deeper.
Wise man
Well heck it's because we get the best bang for the buck product-wise and then get to increase our own sale revenues in the growing Chinese market. Look everyone just wants a better life but that's really difficult to do in our current economy if we don't look abroad to the fastest growing and competent economies
Why can't We form a new world order that's far better then the greedy and corrupt UN where there are proper human rights for everyone and trade with Each other, if We can easily start so many wars and almost commit omnicide and let there be slavery and dictatorships so easily then We can change and only trade with partners who also change their ideologies to right ones where everyone is treated equally no matter what and they care about Our planet and nature and also punishing morally right of greed and corruption then do it
It's not rocket science to change Your life to be far better then now, we almost launched nukes so many times that We wouldn't be alive so it's very possible to change Our ideology to something far better then capatilisim communism socialism racism fascism and etc
@@NaughtyNovaroo69 A new world order would require a new World war.
Yeah, I'm not joking at all.
It's a good thing that Australia is having the current spat with China. It will teach Australians that depending on a fickle regime is a bad idea. And now Chinese cities are having massive blackouts because China blocked Australian coal imports. An educational moment for both nations.
Man, as an Australian, this hurts. This current position is because of our screw-ups in the 2010 elections, and so I won't go into details, but this hurts. A lot.
Can expand bro?
@@jayjay3013 No, I have no idea what I was thinking
You know you're better when 90% of the world is against you that's how great China is 🇨🇳
AUS: "China is taking over Australia's economy. We hate you!"
CHN: "Fine. We will cut our imports of your coal and iron ore so that you can have more capacity to explore other market."
AUS: "China is bullying us by threatening our export market. We hate you!"
CHN: "Damn. What do you expect me to do? Fine. We will import more!"
AUS: "China is again taking over our economy. We hate you!"
That is the problem of Australia.
Scott Morrison "let's be tough on China"
Also Scott Morrison "hey you guys wanna buy a port off us"
Really? Because right now China is having blackouts nation wide to to high coal costs and coal scarcity.
Sounds more like China is dependent on Australia
@moon moon
Yes, really. That’s what happens when you are dumb enough to ban the import of the fuel you use to make electricity
@moon moon 笑死我了，一堆无知的人
@@gloomsouls nt is administered by federal gov
I remember my Chinese grandpa in Australia once said he didn't migrate out from China just to be in another province of China.
Have you grandpa ever beat up by local Aus people?
@@Dark-yv1es No, so far. He’s been there before the communists have even taken over the mainland
Bite the hand that feeds you then act surprised.
Agree👍
the problem with that is you'd get spanked and your leash could get yanked so hard you could choke.
The people feed Australia.
Chinese bot
@@jesusbugarin5281 Chinese bot
They profited from you but attacked you. No sweet deals on both ends. This is what happened here
have not mentioned 5G in the vidoe
Nonsense
Any raw material that Australia produce can be found in south America, wool and barley in Argentina, iron ore in Brasil, coal in Colombia, etc. And since Australia relies o USA for instructions, I guess there is not much room for action. Is the same situation for Canada. That happens when you are the cleaning lady of America
Nah mate! China needs us, always, and we'll keep buying houses and living the comfortable life. So dont have to plan anything or do anything. Just keep taking orders from the US, and it's a BBQ life forever. No rude shocks down the line in any form at all, just cruisin' and laughin' mate! Morrison will make sure of it. He protected our weekend against greenie electric cars, so we're sorted!
@@yesand5536 lol lol 😆 you f@#& right pal !!
@@guillermobeltran7811 Lol indeed! It's a strange place because of that. Don't mind it sometimes, but I suspect Morrison overseas is just projecting this attitude big time. "But our precious utes, coal deals with China and property prices!!! I'm not a functioning adult if these are even slightly under threat" doesn't look like we're a serious set of people. He mineaswell be dressed in a koala suit.
Office boy and cleaning lady, Aus, and Canada 😋
China still buying plenty of australia , it can be found in other places very true but the costs to get it process it , and the quality of the stuff and the supply chain costs etc china is slowly trying to decouple but the cost of the chinese products will rise up when this takes place then countries will make things as it will not be cheap out of china.its starting to happen at this time ,Australia is finding other markets who have started to ramp up manufacturing,starting to see this trend.
China's influence worldwide is growing by leaps and bounds...from centuries of subservient to all the world, it's people looked down, maligned and discriminated upon, now emerged to be one of the strongest nations in the world today.
Western propaganda. China has always been strong.
@@480darkshadow remember when Great Britain was doping China with opium? then Japan invaded China? And even before that the Mongolians? China has never been always strong.
Well too bad all that growth has been bought on credit. They don't have enough people to replace their current population .
@@knowledgeispower3212 last time i checked China has the most population in the world, about 1.4B and their growth was not bought on credit.. U.S. owes $1.7 trillion dollars, Japan $1.07 trillion dollars to name a few..where are you getting your stats may i ask? and what do you mean by; "they don't have enough people to replace their current population???????
@@gepimu not bought on credit? What are talking about? As indebted as the US is, Chinas debt to GDP is even worse
Wrong, Australia is now one of the states of America. Australian politicians look up to and support American politicians, not the Chinese. Australian politicians forgot Australia is a sovereign nation.
Australia is not a sovereign nation. It is a vassal state of the US. Australia(USA)
Australia has been and will continue to be the loyal and obedient servant of the US imperialism.
Eat in their house then poop in their door step.
Punish that dog in front of it owner.
if they are supporting american politicians, then that is bad because our elections are rigged and we didn't vote these asshats into office. china riggs our elections. also, each state in the usa is sovereign. they can leave the union. it is possible, but i doubt the federal government will allow them too, they want to bleed as much tax money out of us as they can.
Remember, all China has done is responsive actions for Australia’s sudden policy changes towards China. The video only talks about the consequences, the real question is why Australia while enjoying decades long prosperity due to trade with China, suddenly changed its mind (Started with Huawei ban).?!
Australia was turning a blind eye to their own financing of evil actions by the CCP. In short Australian greed has led them into self distractive behavior.
@@kerwinbrown4180 Australia were very happy to join in US evil actions in the middle east and cut the throats of teenage Afghan children
Take your best shot communist dogs. Australia is going to kick you out of all projects that are a threat to our national interest. So expect Darwin Port, Cockatoo Island and Kerrford Island to be next on the hit list. Your Victoria BRI has gone bye bye. I personally think you underestimate the Australian attitude to threats and intimidation. You also fail to see that at any time we could pass laws banning the export of strategic goods to hostile powers. If we chose to do that right now, China would collapse. Sure, it would hurt us, but our pain will be offset knowing China's suffering will be orders of magnitude greater. No minerals and food for you.
@@kelvin869 BRI is more important for Australia than to China as Australia is an export driven economy so needs infra like ports and transportation to sell its products.
And for your info its not China that is buying Australian assets but its US and UK which account for over 50% of FDI in Australia and that of china is less than 2%. But your media which is again owned by UK n US want you to believe that China is buying all Australian assets and it needs to be stopped but in reality its them that are eating up Australia, China only buys products not assets.
@@DineshTwanabasu that’s a great assessment 👍🏻. Can’t verify the validity of your statements as a foreigner but it should be a breeze for any Australians to do a simple check. Australians should keep abreast of what’s smokin with the current administration and look at issues objectively & decipher behind the media headlines of reality and rhetorics.
Australian Government clearly knows what they have done to act as the frontline against China to support its alliance US. China can choose who to trade with, why Aussie accusing China not to buy Australian products.
China : I am offering you.
Australia : nope, I would defend Uncle Sam to fight you.
China : Ok then I would buy beep and Lobster from your Uncle.
US : there will always opportunity in a conflict.
Interesting perspective, but if i may point out, the most invested countries in Australia is US and UK (44%), while China and HK only have 6% of investment in Australia - based on the AUS gov statistics in 2019. I'm sure the number is much lower now.
Investment and politics are kind of intertwined as corporations/investors are trying to lobby to the government on their beneficial agenda.
Yes it is a fact that Australia avoided recession for 28 years because the exports/imports to China helps the country stable.
And it's also fact that after the trade spats between China and Australia for asking the origin of COVID19, the USA fills the void on barley exports to China.
So it's either backroom deal between US (trump admin) and China, or Australian politicians are too naive and didn't mitigate the consequence of biting the hand that feeds them.
Also i think it's more about the timing and tone of Australia asking to call the investigation of COVID19 origin.
Back to the fact that the US media (Murdoch) are heavily in bed with the Aus government, the push to demonizing China is more apparent.
Both countries are at fault, China keeps pulling tantrums and Australia should have smarter diplomats on handling political matters.
The shifting of power in the global world is not easy for everyone because throughout the decades the US is the hegemon and their allies are comfortable with it.
But of course now there's China with big influence on global power, in my personal opinion i think Australia will have to court both of the sides more smarter and find the best possible way to grow and accept differences at the same time.
Otherwise, to use a technical term, we're fucked.
I think this is spot on, I’ve just been doing a research paper of Australia China relations, and this is the opinion I’ve currently come to. Although multiple perspectives do exist.
i think at the center of all this is that australia is eastern, but culturally western, though not exclusively western. it has indigenous roots and its european roots are of people forcibly expelled from europe and thus distanced from european norms who had to create a new society from the ground up where the european history more starts at first landing in australia, rather than in europe, and with europe almost being the australian pre-historic era. it also has chinese and other eastern roots, bringing everything that side of the world has to offer into the australian identity. i think australians are more biased to be favorable towards china than other western countries, because australia is in the east, and the natural/historical superpower of the east is china, not britain or france. i find australians and other easterners believe things like that china isnt too bad or that the bad parts are exaggerated, compared to western countries. and it makes sense because china isnt this far away land but rather the exact historical superpower of the region. australians also didnt really get to live through the period of china as a powerful civilization, it came into being around the same time the british colonized it and the communists further ruined it. so the idea of seeing a china in its normal state is appealing on top of everything else. the fact of the matter is though, china is demonized like a serial killer is demonized. it already is a demon, even if the push to let everyone know it and be scared of it is being done for ulterior or at least less honest motives. if the media demonized a serial killer, it wouldnt be to make sure the public was aware of something obvious, but instead to push some political agenda that the serial killer could be used for, like if the serial killer was part of some group.
im american and think the US world order is fine and that the bad parts are exaggerated by hysterical media filled with european countries that despise they arent the center of the world anymore and that a country they viewed as a backwater is now, along with lots of political extremists like islamic militants and communists, and i think the prospect of a china led world is pretty scary and that its horrible people view chinas rise as an inevitability akin to mars colonization. im sure as an australian, you think similar lines but to a lesser degree, about china-- that because china will always be linked to eastern countries, its hard to view it as this monster that needs to be destroyed or domesticated, because you not only are in a way part of their sphere but also because you see china more closely. when youre australian extreme paranoia of them destroying you can be quelled without lifting a healthy sense of danger and faith that a safe connection can be maintained is easier to have. while for everyone else in the western world, its either paranoia or not caring at all, and the prospect of cutting china off isnt one of cutting off your local superpower.
the scenario is either china is purely predatory and causes major damage to australia, or nothing changes for australia or even gets better. but from the australian perspective, no matter what happens, it wont have the same psychological impact as it will to people not in the east. itll be like covid. covid by all measures has wrecked havoc, has killed almost 2x as many americans as died in ww2. yet it doesnt have a psychological impact bc it lacks imagery. all the media can do is create imagery to make a complex issue look real, and australia is the only western country geographically in the east, so its estranged from the media projections; if china owns and wrecks havoc on australia like covid, australian media at that point wont view it as invaders causing problems, but just as an internal problem, like with covid. meanwhile, western media will look onwards horrified. if china makes australia better than ever, media will celebrate. western media will ignore it or interpret it as selling its soul. but the catharsis/day of reckoning where those who ignored the wise mens prophecy of chinese doom pay for their apathy and become slaves to the chinese communist empire of evil, or the day that those who couldnt get with the times and stayed with the US gor left in the dust while the china lovers all became rich and fancy--its never going to happen. china is never going to go away; even if it totally collapses, itll come back again, and again, and again, and the US is always going to be a powerful 1st world country of dreams and nightmares and excitement and opportunity that people endlessly talk about and get influence from. like with climate change, it started out as a real thing and slowly got political and turned into a war of narratives, none of which were ever true or offer lasting solutions
China is not taking over, its decoupling from Australia. Its normal that one does not trade with a country that views you and treats you as the enemy. One cannot have it both ways.
Don't understand why they can't understand that.
@@medialcanthus9681 Ostensibly.
Deep below, Morrison just want to be America's biggest and most favorite lap dog and forgets which side of his bread is buttered to the detriment of the Australian.
Just an idiot following a bigger idiot Trump.
No We Are Leaving you
@@offwiththefairiesforever2373 really? Then why call China who won't pick up the calls ? Why are the winegrowers and lobster sellers etc groaning over their losses?
CCP is an enemy of humanity ! Und Tschuss
Sorry for Australia, hope they find a way out eventually
they will
but it will take time.
Darrell...pls don't cry. It will be sorted out.
Aborigins : first time? Now u know a bit about how I feel 😏
@@khein2204 you have a point but.......
@@darrelldamon2745 but yeah it's just economically, and australian companies get big profits actually, not like the aborigins one
what do you want? buying too much: owning Australia. dont buy anything: economic coercion. btw, Australian dont know it is american corporates own the most of australian assets?
They should just export everything to america then
@@youngz13o Yes US should import all those goods rejected by China :-)
Aren't you lot a nice pack of CCP comrades?
@@CRAlexandru ya, you butt hurt by facts ? So have to resort to branding others ? Why not retort with some real facts ? I guess, up there, there is only void.
China : I am offering you.
Australia : nope, I would defend Uncle Sam to fight you.
China : Ok then I would buy beep and Lobster from your Uncle.
US : there will always opportunity in a conflict.
A leader, must decide what the best for their people rather than push his/her interest of political or ideology.
There's a reason why the Australian Prime Minister's nickname is "Scotty from Marketing".
l find that statement laughable. NO CHINESE, can make that look legitimate, given the lies, propoganda and GENOCIDE, that the CCP and it's supporters have been committing.
@@kelvin869 I heard that chinese killed trillions, that is why we have to live in a simulation now. Is that true?
Xi Pooh has been pushing his own political and ideological interest since around 2010.
China CCP's strategy according to Jin Can Rong (金灿荣), 中国人民大学国际关系学院副院长, Renmin University, Foreign Affairs Department Associate Dean acknowledges the
5 "Evil Tricks" of the CCP.
中共“国师”金灿荣自曝 “邪招” 称将美国管起来。
5 Strategic Plans of the CCP to control America:
《苛政比老虎还要区猛》
1. Control the U.S. elections.
2. Deceive the U.S. on the South China Sea and win the strategic advantage of encircling Taiwan in the Western Pacific
3. Actively create multiple enemies for the U.S., even in the U.S. backyard (causing racial hate and division among Americans). Make friends with U.S. enemies like North Korea, Iran, and Russia.
4. Deeply infiltrate the U.S., thus making the U.S. internally confused and unable to watch out for China.
5. Cultivate anti-American ideology and tactics in the next generation in China, so that the next generation can continue these strategies.
Proverbs 29:2 in the Tanakh
Bite the hand the feeds you and act suprised
If you don’t agree with the dog, it does biological, and economic warfare.
Sounds like the dog has rabies. China is sick and dangerous. Needs to be put down, for health to all those around.
@Chin Heat my hateful bigotry isn’t killing as much as your ignorance. Acting like you deserve a seat at the table, when you can’t do anything to help the world, when you started the problem. This is why the world prefers America over you. In one year they solved the problems you created. And you think you understand medicine and science? You can’t even figure out 2+2...without cheating off the American student.
@Chin Heat if America didn’t invent the plane, you would still be on the ground. If America didn’t perfect the navy, you’d still be using rafts. If America didn’t get to space, you’d still be looking at the stars. If America didn’t invent to the global markets, you wouldn’t be trying to do global finances. If America didn’t invent the car. You’d still be riding horses. If America didn’t invent the global supply chain, you’d still be a 3rd world country. If America didn’t create a viable vaccine, you’d still be asking for help. If America didn’t invest in you, and fight for you, you’d still be Japans b*tch. Know your role...America made what you are. If you didn’t have America...you’d still be trying to figure out what 2+2 is!!!!
@Chin Heat everything you have, you stole from America. But you lack the intelligence to create anything yourself
@Chin Heat we don’t need a medal, we are right outside your doorstep. We don’t need to be acknowledged, we are saving the world from your ignorance. We don’t need to protect ourselves, we are sailing warships right off your docks. We have missiles right next door. We have allies building up against you. Europe is sailing armadas next to your ports. We have missiles in South Korea, Japan, Australia, India, Taiwan, our subs are right off your shores. We have military bases 360 degrees around your country. We are right next to you. And the world is sailing ships through your waters. All your enemies are flexing 30 miles away from your cities. You are constantly being trolled, but your media is telling you that you’re okay. You lack wisdom.
I get 100% of my groceries from woolies down the road. If they ever closed shop it'd be the end of me.
No it won't be the end of you, just start ordering chicken noodles and beef jerky, lentils online.
@@paultomkins4145 gee you're right. Turns out I'm not reliant on them like I thought.
@@paultomkins4145
Adam was being sarcastic. Lol
@@adamtwite9941 buy some farm rabbits for meat. They are easy and cheap to feed
@@adamtwite9941 lmfao
I'm amazed that many respondents are shocked by these trade figures, as these issues have be known and freely discussed for almost a decade. The focus, orientation and expediance of International trade are constantly influenced by economic and political perspectives. As can be observed currently with the EU and UK and Asian trade, changes are both swift and dramatic. It would seem a refocus on diversification and self sufficientcy to be both sensible and inevitable, if trade nations are to prosper and grow.
So true! The UK GDP is even 2x as high as the australian
ENGRISH
As an Australian. I'm more than happy to suffer short-term to ensure our economy is diversified and can grow in the long term. I want Australia to build a strong green hydrogen industry with a web of international partners making it so that if China pulls a string, it makes other countries react against China. We would also be a great country to develop space mining given our climate. We could also have hemp farming on the Eastern Seaboard as the world looks to sustainable materials and Seaweed Farms for many commercial uses. Australia has so much potential.
Same, if I were the leader of Australia I would create a new ideology where it puts justice, the people and human rights first where if a person Fucks up in the Goverment or police force to food industry or whoever it is, they get punished as well as corruption and greed can be seen from the Aussie born citizens like the Goverment can't hide anything non military or security (obviously terrorism and war and defence will be top secret but yeah). Wjere company's have to change to be eco friendly and Benifits the people in order to do business (use wooden or biodegradable materiel then plastic and using cloned healthy meats and vegs and furniture made of recycled plastic to feel and act and semi smell like wood and etc) and how if any leader Fucks up they can get outed and replaced by a new one that lost the last race
A new ideally that stands up for those who can't and treats everyone equally no matter sex gender race or money, a ally to help you after disasters just so you can think about changing your country. It's not communist or capatilists or fascist or socialist or any if that bullshit, an ideology that not only makes everyone equal and respected but also benefit them and their future generations with affordable shit, bringing justice of those in Goverment or work force or whoever Fucked up badly to a prison cell or the noose if they are responsible of letting a new pandemic to come in or mass food poisoning or etc
If we can go to war so many times and recently gave barely any human rights to the LGBTQ community and still hate dark skinned people and letting the greedy rich and corrupt politicians get away then We can change to a new ideology that brings justice and true freedom then that phony shit that America and Russia made before WW2
Tell AUS gov to stop selling iron ore and coals then!
Who will you be selling too? The US, EU, UK or India? Will you be happy to suffer LONG term to diversify away to slower growing economies. How would you like to do business with India... notoriously bureaucratic and corrupt.
Good. But please do not complain if China stops buying coals and other raw materials from Australia.
Space mining? For a country that is still incapable of launching satellites into the orbit? I would put more bet on China who has sent space station into space and robots to Mars already!
On the other hand: if China starts pulling strings on for example the iron industry, it would be even more tempting for Australian companies to sell their iron elsewhere. And if India starts to industrialise like China has, their iron demands could increase by quite a bit. So it's basically a poker game, but one Australia has a chance of winning.
Good luck getting India to import iron and coal! The Indian govt hates to hand over money to foreign companies and is extremely protective of local companies.
@@Jeevanmn the same could have been said for China
India is focusing mainly on service sector
No its not poker game, when its China dominance, when China has everything under control. Nobody else would buy that Iron, so Australia economy would go even more down as it has with the Coronavirus.
@@jout738 Australias economy is doing better now as everyone is buying iron and coal, including china but at a mark up now
Just found this channel and I'm really liking it so far. Keep up the good work!
For the west, especially the US, this must be like looking in a mirror. :)
US trading with China was more of a relationship of convenience rather than a relationship of dependence. The U.S. is pretty much self reliant in making its own food, natural gases, renewable energy, natural resources, products, just about everything. The only issue is companies & politicians make too much easy money from China because of low wages & bribery.
@@pleasedontdothis.9878 there are tons of countries whose civilians are paid with low wages, and tons of bribery more than china ( including America ). then what makes u think that's the reason that other countries. invest in china ?
@@pleasedontdothis.9878 its US that are unwilling to do such "labour work", they chose which u called easy money from the stocks , from the investment.
@ hi
@L Dikx very true, their wages have been increasing & their standard of living is rising to a level where cheap labor isn't realistically sustainable. Their demographics will collapse their workforce sector before they can become a high income consumer economy & countries like Vietnam, Laos, Cambodia, India, Sri Lanka will receive more business because of their cheap labor opportunities.
This is interesting. And I thought Australia's main exports was Neighbours and Prisoner Cell Block H.
I love how he always has a worse problem he hasn't told yet
50 years ago l was just married and working at Mt Tom Price iron ore mine owned by Hamersley Iron a multi national.
Great wages, free new home, food at city prices, plenty of overtime.
But Australia was being sold out to whoever wanted a slice of its resources.
I said at a crib room break "The government should be mining our resorses and producing our own mining equipment and smelting OUR minerals and producing products for world exports"
I was shot down, l asked a politician why we were not the owners of our resorses, and why didn't we own the mines, he replied "The government in not in the mining business "
But I soon learnt the CCP was into mining, and this is why we are reliant on China,this is why China now owns Australia.
Australian politician's sold us out to China with the blessing of the Labor.
party, we could have been one of the most powerful country's on the planet.
But we're not.
And it's going to get worse but it's not too late to change and turn it around because we have the opportunity to vote the kleptocrats out and jail them for treason.
It's up to you now.
China is equally reliant on Australia for iron ore as well as coal. They faced electricity shortages across many areas of China because of their self imposed ban on Australian thermal coal.
So China is playing a dangerous game that will hurt itself in the long run
They could buy from Russia since it's rich in Natural resources
Although Australia is considered a developed country, it is actually far from an industrialized one. The majority exports Australia providing to the world market are resources and primary commodities. That makes Australia not far away from Latin American countries, which suffered severely from resource curse. The primary commodities are easily replaceable, but the industrial products with high added-value are not. Making an enemy of a major industrialized country without industrializing oneself seemed never a good choice. China learned a lot from its own mistakes and Aussie should too.
Australia has the lowest cost manganese mines in the world. Production commenced 2020. We don’t need Chinese manganese.
China can also provide land to Australian farmers who may be interested to diversify its farming activity to greener pastures while retaining their core as ct
Can you make a similar video on New Zealand ? @OBF
Subscribed! =) great video
Next video: Australia politics are being controlled by USA.
Well technically it is the other way around, Rupert Murdoch is the worst thing to ever come out of Australia.
Not at all controlled by the USA. You are Chinese yes?
@@chookvalve need to be Chinese to comment? O.o
@@entertainmentjoke2871 thought so
you cant keep poking the dragon without getting burned
Plastic dragon
@@coolguy3848 India's dying of covid bruh
India the plastic country
@@lebron6189 i am not from india tho.
And applauding of laughter when a country is dying isnt very moral of you.
@@lebron6189 He's talking about China here not India lmao stop with the whataboutism.
Typical Chinese bot praising China.....soo cringe
Next 15 years indonesia will say Bye bye to a very tiny population country AUSTRALIA get the top 5 largest economy !
NO!!!!! You'll make the bogans in Bali have a sad. That will make them go king hit a couple more people outside their pub.
Oh ya keep dreaming....
@@huikitwee274 no bro, that is calculated based on year on year growth, GDP of Indonesia will be no .5_6 . But GDP growth depend on FDI. Hyundai motor is being constructed a car factory in Indonesia, this factory 100% belongs to Hyundai but the output belongs to Indonesia GDP.
We used to buy our supplies, equipment and raw materials from Australia, but later we found out, they are not friendly, even to their customers. So, we shift now to China and New Zealand. This just an example of business relations. Customer is the king.
Indonesia is only a large population. but the poverty rate is very high. in terms of the prosperity of Australia over Indonesia
The Northern Territory has two manganese mines with one being located on Groote Eylandt in the Gulf of Carpentaria and the other located at Bootu Creek 110 km north of Tennant Creek. Australia's sole manganese ore processing plant is operated by TEMCO at Bell Bay in Tasmania (Tas).
Long ago we had a massive trade issue with France when France stopped all trade…. We can will find new trade
without counting iron ore exports what is our balance of payments with China,,My God dont tell me !!!!!
Goddamn, your videos are so high quality! See you at 1 million subscribers bro ^-^
But Australia is biting the hands that feed it. The Chinese has a saying: when we are drinking the water from a well, we must never forget the people who dug the well.
The same thing could be said about China and the United State, China has been bitting the hand that made them.
@@mariocb9427 thats not the case. in return, china let these company in to exploit the vast chinese market in exchange for learning the know how. usa just cant stand it because the chinese learnt far too quickly and surpassed usa technology. china is the biggest customer of australia n australia screwed its biggest customer. will u do this to your big customers if you are in business? lol
Hahahahahaha, ok. You are correct, China lets company into it market only to robbed them off there technology to build a cheaper version and them Apply unfair restrictions. I believe Austrália did the right move, it bad business practice to have most of your egg in one nest. If you think Austrália is doing bad go look at the economic calendar.
Hahahahahaha , LMAO. I didn't know that China breakables product are keeping U.S inflation down. Waooo Thats real economic, you are right... Whats next, the breakables save the world. Lol.
Your communist salary must be good or you are a True patriot which I respect, because cheap breakables don't keep inflation down. You should know this Mr. Not Stupid.
Look at country with cheap product them Look at their inflation. It a game of balance, I know u know this Mr. Not Stupid
@@engelsteinberg593 ？ but thank u
Let them sell to the quad /axis their products then we can see how successful they will be.
Duuuuude, calling the quad the axis? Too far.
@@earthone4939 whyyyyyy?? I do not see China bombing or invading other countries!! So, to me axis are the ones that keeps invading countries, killing civilians and stealing their resources!! So, who Are the axis again?? 🤔🤔
We survived and maintained extremely high wealth without China for majority of our history. The Australia GDP ratio to USA and Europe has not increased by trading with China.
@@jasonmonge9969 oh please ! china is no saints , Tibet was a independent country before it was annexed by them and they have border dispute with almost all countries around it
@@jasonmonge9969 lmao, calling other countries the axis while China is Asia’s modern day Nazi Germany.
Just instead of Jews it’s Muslims.
The Aussies should ask the US and Europe to buy their commodities more. 😉😆
You mean the UK, Australia can go to daddy America
Australia thinks like this out of habit. They have always feels isolated because they are in Asia pacific but mostly isolated from Europe and America so they don't feel that they fit in. And Australia is very weak compared to the Asian neighbors.
Australia is clearly fully infiltrated by USA, from the media, to political parties. Australia had followed Great Britain when She was rich and p powerful, now it is doing the same with America since WWII.
THEY ALWAYS participate American wars ...
I can't think of one US led war that Australia didn't go... Australian priminster John Howard received the Medal of "freedom" 🏅for his enthusiast participation
@@shansui9045 Australia is very strong for it's smaller then average population, military and economic size, most nations in/near Australia are big but have little power out of their country, Australia can project smaller pressure but it is better quality compared to it's nabours.
Australia was and still is as far as I'm aware the only country that has the same kind of soft power a major nation has, and with the majority of the top 40 economies not just a few, Australia is basically an up and coming power and the majority of nations governments know this however a lot can change in 100 to 200 year, but at the moment it has been growing at a faster rate then the usa did in all aspects, in it's first 200 years as a nation.
Australia new in ww2 that the UK gave up it's position to the USA, not to mention that Australia ask for help from the British and other commonwealth nations due to the fact the government thought that the Japanese would invade, however as we know now they couldn't do more then take one or two city's, they were stretched thin.
The UK basically told Australia that it couldn't help them and at first wouldn't let it's men leave Africa/Europe to get ready to fight the Japanese, because the UK was more important because if it fell it wouldn't be able to help Australia, but by the time they reacted America was already taking over the UK influence fast almost over night.
However from an Australian perspective at the time the UK left us to save us later because they could barely defend themselves, were as America began moving men and equipment over to Australia as soon as possible, hence why we support America interests first because they have the size and ability to defend us, at the moment Australia alone couldn't defend itself from a major power, however at the moment only America has the ability to invade everyone like Australia, however china within 5 year could if that was there plan, but they can't afford to anyway.
At the end of the day from memory China makes up 2 to 5% of the Australian GDP depending on the year so this idear Australia is dependent on China is just plain nonsense, we would take a hit but not a massive one.
There are other markets and other Asian nations like the Philippines, Indonesia and India who are all experiencing what China did 30 to 40 years ago and expected to be the next nation's to have a great leap forward, they will also need raw materials something Australia is set up to prosper from in the future.
@@brianlong2334 I live here in Australia too. I appreciate what America did for both China and Australia during WWII by the help they gave. I felt both China and Australia learnt a lot from America's model of governance and foreign relations.
With all due respect to Australia, I think Australia is copying the American foreign policy a bit too much and it's hurting Australia's relationship with its neighbours and the region. America is a much powerful country not just in military terms, but also technology and economy so it has a very different game.
When America became a dominant force in the American continent it immediately ceased territories from Mexico and Canada. In its short history it has only spent 16 years out of wars, so their doctrine is very militaristic one and they thought that's how you maintain peace. But Australia we are in a region of growth where we want to make business not war and China also said they want their rise to be peaceful and not follow that of Japan or America or any other nation. In a situation like this if Australia can maintain independence in its media to serve Australia I think understanding of our Asian neighbors is possible. When we understand them we will be less likely to live in mutual fear of eachother and better able to make business happen which will make our surroundings safe.
At the moment America is hell bent on being number one in the world so they are trying every trick they got to bring down the number two economy of China, and I guess this is their habit because they did it to Great Britain, then Germany, then soviet union and Japan in the past. But for us stuck in the middle life is hard. We need to be a bit more in favor of neutrality and adhere to peace and non interference like Singapore and all the other Asean nations. This region after all is our region and it needs peace not war, and America is trying to create war. Hope everyone see how things are different this time.
@@shansui9045 couldn't agree more you just spoke my mind.
America is the one manipulating everyone here and convincing the world to follow their ideologies and put China down so they remain as The Superpower.
America is the one causing too much instability here
Interesting video
I went to Australia once. It was a great place and actually one of the many things I enjoyed when i went there was the fantastic Chinese restaurants. It made most of the Chinese food we get here in the UK look like garbage.
Even Turkish kebab is shite in UK to compare Turkish kebab in Germany and Poland and it cost less too.
This is a very simplistic view
How this is China's fault, why dont blame policy’s and people behind that created such imbalances
Australia too proud little did they realise the mistake it's China who supported their economic growth all these years.
China change significantly from coal energy to hydropower energy. Australia export to China Will decrease .
Yeah but most of Australia’s exports are iron ore, not coal.
Aussies : G'day mate!
Chinese : no mate, it's Ni Hao Ma now!
Aussies : Ni Hao Ma Mate!
Chinese : Hao mate, shie-shie..
🤣🤣🤣🤣
So... What are australian products that people buy? I mean it seems like they are rather reliant on those recourses.
Australian products have a "clean and natural" image in the Chinese market. As a result, they not only buy natural resources but also buy hige quantities of milk powder, baby formula, vitamin supplements, crustaceans, beef and the list goes on. The major supermarkets in Australia had to limit shoppers to 2 baby formulas because the shelves were literally being wiped clean and parents were struggling to find formula for their babies.
@@koolqeee thanks mate. That kinda proofs my point even more though. Is there anything special anything that was invented there and that is "only" made in or at least designed by an australian company and sold to the world? Basic foods an recourses mit be a nice catch for china especially since australian is so close and I also know the story why the chinese are so keen on foreign products especially baby powder but there ought to be something more right?
@@einfachnurleo7099 Comparing Chinese import statistics with Australia export statistics as well as China’s consumption may help you figure it out. Take beef for example, China imported 0.3 million tonnes of beef from Australia 2019, which is about 30% Australian export but only 15% Chinese import and 4% Chinese consumption, this kind of reliance is one-sided due to China’s huge domestic market.
@@stevenwang8554 I am looking for stuff that can't just be replicated. Anyone could sell them beef. Depending on climate change they might not be able to hold as much cattle there as before. Recourses too might dry up. What is being made by bright australians that others haven't come up with? Something that's going to last them? China used to be a cheap counterfeitter but by now they are good enough to do their own stuff like phones, robots etc. . But what do australians do?
Maybe look at some of the other comments too.
@@einfachnurleo7099 I’ve tried to bring out the kind of case you want but can’t find any. I can find plenty of cases when it comes to Japan, US, and Germany, but not Australia though I’ve studied there for two years. Australia is a unique case among developed countries, it just lack that high-end manufacturing part.
A strong government to be strong and effective needs a fierce leader who is not scared or threatened easily when bullied unfortunately Australia is yet to have such a leader
It’s almost like they raised the tariffs on the barley because they were upset people knew it was their fault for the pandemic.
Living in our Australian capital territory for the last 20 years, it is obvious to me that we Australians are a very proud, principled people. Morrow principles ahead of any economic sense. Economic planning and forecasting a much less important than "bread or circus".
Are you sure you are living in Australia?
@@wk9378 You *have* to be here to fully 'appreciate' the "bread and circus" nature of Australian domestic politics. Shooting the messenger, obstification, or just plan gibberish (anything which comes out of the mouth of the Deputy Prime Minister).
Principled? About footy for sure, oh and property prices, or whatever Murdoch says is important. Other than that, bugger all. When's the last time you saw bogans marching for political rights of other people for instance?
Oh, did China pay Australia for the thing they buy? Did Australian benefit from the trade with China?
If you have even basic level of knowledge over macro economics, the answer is 'yes'. Why? if you ask this, mate, you've got some home work to do, let me tell ya.
If you look at the latest China import figures, U.S export took over most of lost areas by Australia. So, what should Australian should do or think?
20 years ago we were totally self sufficient then tariffs where dropped and free trade agreements signed.
But remember China needs Australia 🇦🇺 just as much as Australia needs China play the game and stay strong 💪 India is on the rise and will need iron ore for when they need infrastructure they are on side
You think India’s nationalistic government would be any better than China? The only reason the west isn’t messing with India is because they’re still poor.
What’re y’all gonna do once India starts treating the Indian Ocean as it’s own backyard pool? It’s already declared an illegal economic zone.
So which Asian overlord do you want, Chinese or Indian 😂😂😂
@@charles8769 India. I'd rather deal with the more immediate threat then play smarter with the next one.
@@charles8769 I'd still prefer India any day..
@@denislukose unless ur Hindu it’s not gonna go well for u, especially seeing BJP consolidate power
@@charles8769 Thanks for your concerns. And I appreciate the motivation behind it.. 😆.
Tell you what,. My Christian family has been living in India for multiple generations without any hassles. And the So called "Nationalist BJP" govt has never been a roadblock for us. We are enjoying our rights as citizens of this country just like Hindus as long as we can remember. Guess what,..? All you watch on biased media are not exactly true.
If your concerns were to be a reality, they should do something now because, this is the prime time of their power. But hey, we're just fine... So there goes the misinformed worries
love your videos! and its great to see your channel growing- ive been subscribed for a few months now and ur subs have almost doubled! phenomenal! just please up your game on the stock footage- that really painful sometimes 😅😅
Well, I'm limited in what I can do on the stock footage front. I can only afford to license so much footage before it get's stupidly expensive. But I'll do my best to make it better in the future.
OBF hey yt keeps deleting my replies.. so im testing if this one sticks..
@@OBFYT ok seems to work now.. check out storyblocks or artgrid.. they seem pretty affordable for unlimited content..
This is happening to the UK too and all around the world
What is the music you use?
All songs I use are from Epidemic Sounds. Not sponsored just what I use
Australia should just declare neutrality like Switzerland did back in WWs and Cold War.
But Switzerland in many ways is more mature than white Australians. We still need some father figure to tell us what to do, so, yep, we'll keep looking for someone to tell us what to do. Makes us, of course, the Best Country on Earth. See, life is pretty comfortable as it always will be in Oz!
No Australia shouldn’t. To quote Dante - "The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis...".
@Federal Bureau of Investigation The account clearly doesn’t belong to an Australian but is of a bat-eating CCP troll.
It's important to distinguish between chinese nationals and an Australian who's of chinese descent.
Anybody who finished high school andlived a little should
Bendover koala land😂
Citizenships are being handed out like candies so how would you differentiate between those two? Chinese nationals today are the “Australian of Chinese descent” of the future as long as they have enough money.
It's called mutual benefit ... Thank you 😃
i wish i could visit Australia
90% of the Australian landscape is desert. There's not much to see. The East coast is nice, but after a week of seeing that, you've seen everything exciting. There's more beautiful environments to see in the mostly desert state of Arizona than the whole of Australia, IMO. Australia needs water, it is ridiculously dry.
Corporate greed is the basis for all these problems.
its called capitalism.
@@kimeli capitalism without morals or principles. Its easy to understand this: don't' do business with communist, anti-democratic countries. If you make them stronger, finally, you will pay a price.
It's not corporate greed or capitalism....it's pure politics
For interest sake, could you please share your resources you used to collect the data
Thank you for reminding me, I forgot! I'll put them in the Description now.
loving it
Great news!
A Market totally pissed their customers off
At these times when the world is interconnected, all countries, relying on other countries for their economy should stay away from each others internal matters. When you meddle with other countries internal matters, you risk up losing on economic front. If you want to criticize or have a say in other countries matters, you should be first self sufficient.
You rely too heavily one nation's economy, they already are in your internal matters.
Yeah but China literally meddles in many other nation’s affairs. Even trade sanctions are meddling as they are trying to force them to change their opinion
What is the source of this info
Nice narration..!! Tricky pitch
I've seen videos that China has worked it's way into Africa as well. Building a lot and funding a lot there and slowly working it's way into its own place in the country.
Did you just call Africa, a country?
Which is better for Africa? China or Western colonisation that only plunder your resource and treat African as a slave? What has China done that is worst than what the West has done?
@@charlieow6412 thank you these white people think we have forgotten what they did to us
@@charlieow6412 Same thing what the white colonisers did centuries ago.
Its almost ironic how its now europeans that are being colonised. 😂😂😂
Nobody can hold an economy. It’s like holding water in your hand.
Australia has manganese mines in the Northern Territory with two manganese mines, with one being located on Groote Eylandt in the Gulf of Carpentaria and the other located at Bootu Creek 110 km north of Tennant Creek. Australia's sole manganese ore processing plant is operated by TEMCO at Bell Bay in Tasmania (Tas).
Biggest investors in Oz which are USA 25% and UK 17% , China is only 2 % ......
China : I am offering you.
Australia : nope, I would defend Uncle Sam to fight you.
China : Ok then I would buy beep and Lobster from your Uncle.
US : there will always opportunity in a conflict.
Australia can live off its land. Just have to live modestly and contented without exports.
And we don’t need Chinese manganese as outlined in the video. We now have the lowest cost mine in the world. Production ramped up in 2020 so I’m assuming the video maker wasn’t aware of this.
The question is Will China leave Australia alone.australia can survive alone everybody knows that but China gets into other countries territorys forcefully.and China is very powerful even us thinks 100 times before messing with China
You forgot about fertilizer. It's likely Australia won't be able to support its current population without surplus food supply, and most of Aus is a fucking desert.
The land they _can_ grow on, needs to be efficient. No fertilizer, less food, people starve.
Aussie can live off as farmer and fisherman.... no problem... and the world is more peaceful if this happen. Lesser idiots nosey on other countries matters, with their idiotic views.
@@LancesArmorStriking IIRC Australia already grows more than 2x it’s food requirements, even more
On your chart which one does Canada fit in?
China is still buying barley. Other countries have picked up their market share but this is leaving a gap somewhere which allows Australia to diversify barley exports
China can't stop importing iron ore because iron is needed for everything from infrastructure to consumer goods. It's true that Australia is dependent on China but China is also dependent on Australia.
Oh well, the foreigners took over Australia from indigenous not too long ago.
Yes, when England export "criminal" to Australia few hundreds year ago and lead to genocide of natives.
One issue I have is that it would not be a easy process for China to cut iron ore from Australia quickly. This processing would likely take time as they still need iron ore to produce all the products that they make in China
@@michael7394 so the real case is more china is reliant on Australia for ore even more than we are reliant on China for sales of that ore?
Reality is that China and Australia are perfect partners but I don't if it's your white superiority complex or US your submissive behavior to the US that you started touting China everywhere.
I mean when if China replaces US as a super power (if they can) and occupy Taiwan tomorrow, it won't affect Australia in anyway.
But your media which is signal owned by Rupert Murdoch made you believe that China is an existential threat to to you but reality is no matter what China does it won't affect Australia in negative way.
Not to forget by letting America in and increase American military foot print you're just turning Australia into a giant military target for China in next US China war.
Australia should act smart and declare neutrality like Switzerland did during both world wars and the cold war.
@@arminius6506 mate I was just questioning the realities of the iron ore trade between Australia and China and how it wouldn't be as easy for China to cut out Australia ore from its supply chain.
I was not discussing the politics of the situation or the politics of Australia USA and China relations.
Btw starting a conversation making assumptions and accusation on others points of view does not help to foster a health conversation. But if you are seeking an argument rather than a discussion of ideas you are doing things perfectly.
If it helps I am very much aware of the issues on Australia media diversity and can recommend a range of alternative sources for you.
I also am not a fan how Canberra has handled relationships with either of the two.
@@michael7394 Brazil is having the same problem: the few products bringing profits are the exports to China. And it's clear that the CCP is putting money on Brazil election and candidates aligned with them. They even tryed to buy our biggest media group. I think it's about time for the world to act together against them.
I’m still not seeing the difference between China and the US. It seems China has learned a lot from the states
Australians: bUt tHeY dEpEnD oN oUr iRoN oRe!
Anyone else like the way he says China?
Lol i noticed that too
I feel like this video hasn’t really aged well. We’ve been in an intensifying trade war with China for almost 6 years now, and it’s only getting worse. But what has happened in the real world? Has Australia collapsed? No. Unemployment remains very low and we have been one of the most successful countries in dealing with COVID 19, and the country as a whole importantly has invested considerable effort in massively building up both its defence treaty arrangements and worked hard to diversify trade and bolster supply chain resilience with a range of other countries and through onshoring strategic capabilities. Diversification is growing, and frankly the pig headed and hostile arrogance of China not only to Australia, but the rest of the world, has led to a sense of solidarity in opposing China that has been to our benefit. Just look at India - China has massively miscalculated there and now Chinese soldiers are dead on their border and India are moving in step with Japan, Australia and the US - a situation that was unthinkable 10 years ago before the megalomaniacal madness of emperor Xi took hold of China. Moreover, this video spends a lot of time talking about iron, which misses the point that this really isn’t as critical as people think. Mining is the primary industry Western Australia, but the powerhouses of the economy are Sydney and Melbourne - which are both major financial and service centres. Heck, Australia is responsible for one of the largest pools of funds under management in the world and has considerable economic weight in a range of other areas. Finally, this video ignores the vast number of fronts the Chinese are opening with other countries - just look at the pointless fights it picks with smaller countries like Lithuania that have begun to sour the EU’s sentiment toward them - we are after all talking about a country that borders 14 countries, and has been to war with ALL of them. The truly great insecurity facing these 2 countries isn’t Australia’s, it’s China’s.
Not sure what the imports or exports look like in Australia but I’m sure Australia can pull strings on another country that has leverage on China.
Let the market decide
Australians just have to start being less greedy and make more stuff at home for their own people. These exports mean nothing. Exports are only good for exchanging with imports. Just import less and make more stuff.
Australia have became very reliant on foreign cars and technology while few decades ago they were able to make stuff in-house. They could do the same thing again and live good.
Side with the "US of BS" and taste sorrow...
5:40 i don't agree that the sentence was to pull strings, considering that executing drug smugglers seem to be norm in the region.
Can you tell CZcams please this isn't Dutch? I kinda need the cc