In terms of economic sophistication, Australia ranks about the same as Saudi Arabia, although it does have a few more things to dig up from the ground to sell - iron ore, coal, gold and natural gas, instead of just relying on one single commodity.
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- Thread starter bd popeye
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In terms of economic sophistication, Australia ranks about the same as Saudi Arabia, although it does have a few more things to dig up from the ground to sell - iron ore, coal, gold and natural gas, instead of just relying on one single commodity.
First, Australia has the world’s most diverse and plentiful mineral and energy reserves with a relatively unexplored surface and sub-surface geology. These reserves include bulk commodities such as thermal and metallurgical coal, natural gas, iron ore, bauxite and uranium. This is complemented with significant reserves of base and precious metals such as nickel, copper, zinc, gold, silver and lead as well as emerging critical minerals, like lithium and rare earths.
Australia also has the world's largest amount of gold to be mined, as well as significant amounts of aluminium and petroleum.
I mean if Australia didn't go antagonistic on China, it would lead to decreased inflation and cost of goods for the entire world. Because Australia has plenty of what China needs in steel, coal and natural gas.
And Western Australia is perfect for solar energy. They're building massive solar farms such as the Western Australia to Singapore undersea electricity exportation project. Followed by solar to electrolyzers for green hydrogen production for export to S Korea and Japan.
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What is the point of the question?
The Chinese had already released their strategic stockpiles of copper, etc, into the market to try to depress rising prices.
Apparently the United States had been selling their strategic oil reserves the past few months without anyone knowing, to try to do the same.
Lower the oil price, and other commodities should follow.
What's the deal with her and the former high ranking CPC politician that was apparently closes to Pres.Xi? She has made a very serious allegation that she was a victim of some kind of sexual harassment a.k.a. a me too movement in China and this time it's against a former high ranking official.
Why can't the government actually stand by their pledge of rooting out corrupt and horny officials like this fella who had an illicit and illegal affair with Peng Shuai? Now, because of her supposed u turn and lack of clarity regarding her whereabouts China as a whole is being dragged through the mud again from the usual suspects in the west and this time it's a little juicy due to the official's high ranked status within the CPC.
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Sexual harassment a decade ago is impossible to prove. And the guy is now retired and ceased to be a public figure. What are you going to do with him? Expel him from the party for having an affair? Strip him of his pension?
In any case Peng was hardly innocent. From what I've heard she tried to get the guy to divorce his wife and marry her. Being sexually assaulted doesn't give you a right to be a homewrecker.
Doesnt hurt to expel him from the party and strip him of his pension. We have done that to other members of Politburo in the past. I'm assuming CCDI is already on this. Hopefully the investigation concludes shortly and we hear an outcome.
Agreed. I just got annoyed watching the news in Toronto (CP24) presenting the news about Peng basically stating like it's a matter of fact that Peng's allegation is factual and that the government official she's made the allegation against is a current official. There's also news reports in western publications pushing a clear agenda that the official is connected to Pres. Xi and the reason it's not being pursued for investigation is because of abuse of power and collusion.
In my opinion it's very important that anti corruption policy must be applied as equally as possible regardless of factional affiliations so that people in the country will not be lead to believe that the government rules and laws applies to those who are not with the ruling faction.
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