Turns out Australia does not totally rely on China to keep its economy stable. Yes some industries have become reliant on China (particularly in some food and beverage sectors) but the quickness and flexibility of Australia's governance and policies is what really keeps the damage minimal. This might have to do with the way China has been stepping on the toes of other countries and foreign companies within their borders. Those countries and companies have decided China is no longer stable or viable enough anymore and closed down their businesses to re-locate to another country. Some south-east Asian countries are starting to take away the capital from China like Vietnam, Thailand, Malaysia and a big one India. Australia now has a much more diverse mix of countries needing Australia's exports to where China is no longer the be-all-and-end-all it once was. This also was helped by the US when it signed a policy to no longer share western technology (where China used to willfully steal and copy) and Russian sanctions...now the US imports have risen in rare earth metals (which Australia has plenty) to manufacture microchips and the Russian sanctions drove demand for Australian LNG (gas) to Europe when they stopped buying Russian gas. And as time goes many companies will finish establishing themselves in other countries after moving from China and they in turn will need iron ore, bauxite, lead, copper and even food and beverages (agricultural produce) when workers in those countries become better off and want "luxury" items. It all seems like doom and gloom in the beginning but in the end it has begun a better more stable (don't keep your eggs all in one basket) type of system.
A big thing though, which a lot of times gets over looked even by our focus and media in Aus is that China has pissed quite a few of the other smaller south-east Asian countries off big time, including Vietnam, Philippines and more importantly Indonesia. Indonesia (which is just to the north of Aus, and inbetween China) has a population of 270mil and quite a substantial, decent army themselves. And Australia has allllways been VERY strategic about how we go about how we conduct our business and with who. Right now and for a while now China and especially Philippines have been ramming naval vessals into each other at high seas. China has conducted invasive, provocative and highly dangerous maneuvers even on our Aus military aircraft very recently. We all know what's up. Even both sides of politics in Aus. But we have to play this game, walk this tight rope atm.. I find it insane that we have so many Chinese students (STILL) with everything going on, when our own born citizens can't afford a home but they get all these benefits. Private Chinese investors buying up apartments, land and houses like hotcakes and most of them are empty. It's like the big pink elephant in the room for politicians like 'yeah we get all this money from foreign students but this is going to cost the actual country down the road big time from all kinds of social issues, long after these students (of our 'enemy') have been educated by us and gone back to China.
I'll use a poker analogy to describe the situation. It's like we're both trying to bluff each other but we both know what cards we're holding.. If that makes sense. It pretty much boils down to this. In the event that China decides to invade Taiwan, we will be called to backup the allies and we've never not sent troops to a conflict involving the US since the first world 1. And will almost certainly will be involved, and China knows that full well.. So until then, we're just sitting around showing each other card tricks.. Bit historically and currently there's been Chinese influence in Aus since the early settler days when there was a huge gold rush, and there is evidence to show the Chinese knew about Australia way before any of the European countries did. Which would make sense. It's not like China didn't get around back then. I personally will never forgive China for what they did to Tibet.
Im not agreeing with what China did with Tibet either, but you are aware that before the Communist revolution it was actually taken over by the British Empire where there is evidence of a mass slaughter during the takeover by the British where they were even shooting Tibetans in the back as they fled. This only collapsed when they were cut off and isolated after India took their country back in the mutiny so the British in Tibet had to flee also, from this point the monks then took over and basically turned the country into serfdom versus slaves where all the money the people earnt went into their local temples which is why the temples were so big, very corrupt system. Again, not defending China but it’s ignorant not to pretend everything was just peachy before then also
Turns out Australia does not totally rely on China to keep its economy stable. Yes some industries have become reliant on China (particularly in some food and beverage sectors) but the quickness and flexibility of Australia's governance and policies is what really keeps the damage minimal.
This might have to do with the way China has been stepping on the toes of other countries and foreign companies within their borders. Those countries and companies have decided China is no longer stable or viable enough anymore and closed down their businesses to re-locate to another country.
Some south-east Asian countries are starting to take away the capital from China like Vietnam, Thailand, Malaysia and a big one India.
Australia now has a much more diverse mix of countries needing Australia's exports to where China is no longer the be-all-and-end-all it once was. This also was helped by the US when it signed a policy to no longer share western technology (where China used to willfully steal and copy) and Russian sanctions...now the US imports have risen in rare earth metals (which Australia has plenty) to manufacture microchips and the Russian sanctions drove demand for Australian LNG (gas) to Europe when they stopped buying Russian gas.
And as time goes many companies will finish establishing themselves in other countries after moving from China and they in turn will need iron ore, bauxite, lead, copper and even food and beverages (agricultural produce) when workers in those countries become better off and want "luxury" items.
It all seems like doom and gloom in the beginning but in the end it has begun a better more stable (don't keep your eggs all in one basket) type of system.
A big thing though, which a lot of times gets over looked even by our focus and media in Aus is that China has pissed quite a few of the other smaller south-east Asian countries off big time, including Vietnam, Philippines and more importantly Indonesia. Indonesia (which is just to the north of Aus, and inbetween China) has a population of 270mil and quite a substantial, decent army themselves. And Australia has allllways been VERY strategic about how we go about how we conduct our business and with who. Right now and for a while now China and especially Philippines have been ramming naval vessals into each other at high seas. China has conducted invasive, provocative and highly dangerous maneuvers even on our Aus military aircraft very recently. We all know what's up. Even both sides of politics in Aus. But we have to play this game, walk this tight rope atm.. I find it insane that we have so many Chinese students (STILL) with everything going on, when our own born citizens can't afford a home but they get all these benefits. Private Chinese investors buying up apartments, land and houses like hotcakes and most of them are empty. It's like the big pink elephant in the room for politicians like 'yeah we get all this money from foreign students but this is going to cost the actual country down the road big time from all kinds of social issues, long after these students (of our 'enemy') have been educated by us and gone back to China.
I'll use a poker analogy to describe the situation. It's like we're both trying to bluff each other but we both know what cards we're holding.. If that makes sense. It pretty much boils down to this. In the event that China decides to invade Taiwan, we will be called to backup the allies and we've never not sent troops to a conflict involving the US since the first world 1. And will almost certainly will be involved, and China knows that full well.. So until then, we're just sitting around showing each other card tricks.. Bit historically and currently there's been Chinese influence in Aus since the early settler days when there was a huge gold rush, and there is evidence to show the Chinese knew about Australia way before any of the European countries did. Which would make sense. It's not like China didn't get around back then. I personally will never forgive China for what they did to Tibet.
Im not agreeing with what China did with Tibet either, but you are aware that before the Communist revolution it was actually taken over by the British Empire where there is evidence of a mass slaughter during the takeover by the British where they were even shooting Tibetans in the back as they fled. This only collapsed when they were cut off and isolated after India took their country back in the mutiny so the British in Tibet had to flee also, from this point the monks then took over and basically turned the country into serfdom versus slaves where all the money the people earnt went into their local temples which is why the temples were so big, very corrupt system. Again, not defending China but it’s ignorant not to pretend everything was just peachy before then also