antiterror13
Brigadier
How big was in $B?
Chinese Economics Thread
- Thread starter Norfolk
- Start date
How big was in $B?
Lethe
Captain
Not sure what your point in posting this article is. Nobody denies that Beijing's economic sanctions on Australia hurt various export interests, the point is that inflicting this pain did not induce any change in Canberra's behaviour, and indeed only accelerated the propagation of anti-China attitudes and the implementation of anti-China policies. Beijing is now willing to try another approach because it recognises that punishing Australia for its various sins, such as banning Huawei telecommunications equipment, has failed to deliver any benefits.
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We don't know if the goal of Beijing were to try and make Canberra less 'anti-China' though.
Could be, and if so, like you said, it has failed.
More likely, there were many goals and considerations, and that of making Canberra less 'anti-China' could likely be one, possibly main or among the top goals.
But there were also other goals, possible something like more diversification away from Australia, which can be said to have achieved 'mixed' results (read many news about China gonna import more coal/iron from other sources, iron imports aren't that likely to grow that much, so likely means less imports from say Aus).
Lethe
Captain
I'm wary of taking this discussion too far off the "Chinese Economics" track. I will just say that Beijing does not benefit from Australia's increasingly hostile posture towards China. I believe that Canberra bears the greater responsibility for how relations have deteriorated over the past five years or so, but that is immaterial to evaluating the efficacy of China's response.
Sure, China is very sensibly trying to develop alternative sources of iron ore to reduce its reliance upon Australia. But the short-term takeaway from these efforts seems to be that this is something easier said than done. In the longer-term exports of iron ore to China may decline, but I've heard nothing to suggest that anyone here is very concerned about the prospect. Beyond iron ore and other minerals I don't see any diversification strategy at work with these sanctions. Diversification from Australian wine? Seafood? Wool? No, this stuff was just designed to inflict "costs" on Australian exporters, whether simply as punishment or in the hope that those business interests would make representations to Canberra to make amends with Beijing. If it was punishment, then we've learnt that we can endure it, and if it was intended to produce policy change then it failed.
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Do rmb money bills taste bitter, asking for a friend?
escobar
Brigadier
And this was entirely predictable like I said years ago
China need a new geopolitical Doctrine ?
Who care about fair or unfair in IR? Do you think China itself is alway fair ? International Relation is about competition and strategy not fairness and idealism. Yeah, and China is punishing Australia in keeping with its competition and strategy. Why are you whining about the unfairness of...
www.sinodefenceforum.com
China need a new geopolitical Doctrine ?
Two of the five eyes nations, Australia and UK started to mitigate the fallout from China's trade repercussion by substituting the potential fallout of barley, coal, beef and international student with their "Tim-Tams diplomacy". All ya developing countries, learn from the Aussie and...
www.sinodefenceforum.com
Chinese Economics Thread
If a country is really determined "to poke China in the eye" they will likely do it no matter what China say or do. China has made SK lotte exit china market after THAAD issue, that did not prevent Australia to ban Huawei. It is not "bad" to do import ban, but do not think that this will...
www.sinodefenceforum.com
escobar
Brigadier
Factories are struggling to find workers after Chinese New Year.
Chinese New Year, Spring festival, Lantern festival... In such form as it is today, it is a disaster for economy, 2 months of heavy disruptions and discontinuity of manufacturing, R&D... Even any space launch didn`t happen for more than a month long...
I understand it is a tradition, but tradition in form as it was centuries ago, can not apply in today`s economic environment, where every day of any disruptions has catastrophic consequences...
I understand it is a tradition, but tradition in form as it was centuries ago, can not apply in today`s economic environment, where every day of any disruptions has catastrophic consequences...
China has U-turned on almost all of its major policies from the last 3 years. Zero Covid gone. Tech crackdown gone. Now it’s easing tension with Australia. A year ago everyone here was cheering the banning of private tutoring.. now tutoring companies are welcomed back to resume their work. Is the government still talking about “common prosperity and wealth distribution”.
China is easing the sanctions against Australia because it has a new government and China is trying to give some incentives for it to be less hostile. Sanctions on Australia are also a warning to other countries that are thinking of adopting anti-China policies.
If the Aussies tries to adopt new anti-China policies, I will not be surprise sanctions will come back.
If the Aussies tries to adopt new anti-China policies, I will not be surprise sanctions will come back.