China Says Australia Becoming ‘Poor White Trash of Asia’ by Resisting Beijing

[shockshiok]

A Chinese government-controlled newspaper warned Tuesday that Australia will become the “poor white trash of Asia” unless it stops pushing back against the ruling Communist Party.

The Global Times said in an editorial Australia stands to become impoverished because it resists Chinese investment through the “Belt and Road” initiative while refusing to blindly applaud the rise of China itself.

https://www.globaltimes.cn/content/1199471.shtml

Australia risks backsliding into a poor country in Asia Pacific
By Yu Lei Source: Global Times Published: 2020/8/31 23:57:28
31

Photo: Xinhua
There are few signs that Australia intends to stop provoking China, or to attempt to ease escalating tensions. Instead, its insistence on continuing along the US' lose-lose path toward decoupling will undoubtedly cause huge damage to its already severely injured economy.

In its latest move, legislation endorsed by the Morrison government will reportedly put the state of Victoria's Belt and Road Initiative agreement at great risk. Australian Prime Minister Scott Morrison's "not aimed at China" clarification seems more like a "nothing up my sleeve" approach.

After a noticeable downturn in China-Australia relations since 2017, bilateral ties have deteriorated even further this year. The Australian side has made several unprovoked attacks in normal economic exchanges with China, and even against Chinese students. The momentum of trade liberalization, investment facilitation, economic complementarity and normalization of cultural exchanges has come to an abrupt end.

The reason that China-Australia ties have experienced rapid development in the past few decades has not been because China intended to "control Australia," but because there are too many people that wish to do business with each other on both sides. Similarly, the rapid increase in bilateral investments is not because China wanted to "occupy" Australia, but because many businesspeople see vast potential for cooperation.

Under the dual injuries of trade protectionism and the COVID-19 pandemic, China has nevertheless taken the lead in the fight against the virus and post-pandemic economic recovery. This speaks to China's determination to deepen reform, expand opening-up and promote new technology applications such as 5G and digital currency. Especially through acceleration of the development of Hainan's free trade port and the Greater Bay Area and Yangtze River Delta.

China's approach has effectively contained the virus' impacts on China's economy, which may make China the only major economy that can achieve positive growth this year. International economic institutions like the IMF and the World Bank have predicted that China will achieve about 8 percent growth in 2021.

Facts speak louder than words. Some Australian politicians' intent to decouple from China economically - to use the Chinese market but reject all Chinese products and investments in a bid to contain China's economic development - is absurd. This will only hurt Australia's national interests and people's wellbeing.

If decoupled from Australia, it won't be difficult for Chinese products and investments to find new markets and investment destinations. However, it won't be so easy for Australia to find a comparably large export market, or a supply of high-quality and cheap imported goods, or a strong group of investors to replace China's.

As Australia suffers soaring unemployment, an old and worn-out railway system, a network speed far slower than other Asian countries' and halted development plans, the Australian people may start to recall former Prime Minister John Howard's encouragement of Western leaders to "welcome rise of China."

Indeed, further decoupling with China will not send China back to poverty, but will only make former Singaporean Prime Minister Lee Kuan Yew's famous statement more likely to come true: that if Australia doesn't open up its economy and reduce unemployment, it risks becoming the "poor white trash of Asia."

If Canberra really wants to make its China policy in line with "Australia's national interests," it must take a long-term view, truly abandon the Cold War mentality, and conform to the spirit of world peace, co-development, and win-win.

The author is a chief research fellow at the Research Center for Pacific Island Countries, Liaocheng University, and a research fellow at the Australian Studies Center at Beijing Foreign Studies University. [email protected]

 

[ilovechinesegal]

Aus wont dare to boycott china one la!

 

[kryonlight]

I expect some time later Hu Xijin will write that sinkie chinks are the yellow trash of Asia.

 

[Hypocrite-The]

The chicoms do not hold all the cards...

Why iron ore has been out of bounds in China's trade war with Australia — for now

Tensions between the Australian and Chinese governments have led to bitter trade disputes in recent months.(AAP: Lukas Coch)
You never know what you might find until you look hard enough.
And look they did.
With all the furore over wine and cheese, it largely went unnoticed last week that yet another Australian abattoir was banned from supplying meat to China, allegedly over contamination from a banned drug called chloramphenicol.
The discovery came despite rigorous testing in Australia during the past decade that has never found a single trace of the veterinary drug.
So much for all those Free Trade Agreements that were being trumpeted just a year ago.
Earlier in the week, China began importing huge imports of Argentine barley, for beer and livestock feed, after recently slapping an 80 per cent tariff on Australia over claims it has been dumping the grain into China at below cost.
The same accusations have been levelled at our wine makers.
The action wasn't all one sided.
Treasurer Josh Frydenberg last week canned a huge dairy purchase, Mengniu Dairy's $600 million takeover of the Dairy Farmers and Pura brands owned by Japanese giant Kirin.
The sale, he said, wasn't in the national interest.
And that's after ramping up scrutiny on foreign takeovers earlier this year, a move squarely aimed at China.
Coal repeatedly has attracted the scrutiny of Beijing and in recent months, import quotas have been suggested on Australian thermal coal for power generation, with state-owned generators directed to use local product instead.
Before the pandemic, China was openly encouraging tourists and students to travel and study elsewhere.
The question is, how far will Beijing go in its bid to express ire at Canberra? And could this threaten our lucrative iron ore trade?
For the time being, iron ore exports are likely to remain unimpeded. But the trade could end up becoming a strategic weapon in the event of a significant rise in regional tensions.

Wang Xining spoke about the increasingly hostile ties between Australia and China.Iron fist, no velvet glove
This diplomatic unravelling hasn't been sudden.
While Beijing was incensed by the Morrison Government's support for an investigation into the origins of the COVID-19 pandemic, the origins of the dispute extend back a decade.
Since then, we've been regularly snubbed at the annual Chinese gabfest at Hainan — the Boao Forum, China's answer to the Davos shindig in Switzerland.
But the falling out began over iron ore.
Throughout the first decade of the new millennium, Chinese companies, many of them state-controlled, purchased strategic mineral resources and engaged in takeover activity on the Australian Stock Exchange.
Our Foreign Investment Review Board largely rubber stamped them.

Around 80 per cent of Australia's iron ore exports are sent to China.](Supplied: Fortescue Metals Group)
In the aftermath of the global financial crisis, as Rio Tinto was drowning in a sea of debt following its catastrophic decision to buy Alcan for $US38 billion, it inked a deal with a loss-making Chinese government-owned firm Chinalco, which had become its largest shareholder.
That deal, which would have given Beijing control of Australia's — and the world's — richest iron ore deposits, sparked panic in Canberra and outrage amongst investors, given it was struck at the absolute bottom of the stock and commodity market rout.
Before it could be consummated, BHP waded in with an iron ore merger proposal that had no chance of getting across the line with competition regulators in Europe or the US.
However, it gave Rio Tinto the perfect opportunity to ditch the deal and save some face.
Whatever went on behind the scenes, Beijing clearly suspected Canberra played a hand in scuppering the transaction.
The retribution was swift. Within weeks, Rio Tinto's entire Shanghai-based marketing team, led by Australian citizen Stern Hu, was arrested, tried in secret and jailed.
At one stage, the charges were changed from offering bribes to accepting bribes.
For most of the past half century, Chinese citizens have been content to cede control to a totalitarian regime so long as it delivered on its promise of rising living standards. That now is becoming an increasingly difficult goal.
In the aftermath of the financial crisis, Beijing engineered a domestic boom that dragged the rest of the world with it, saving the capitalist west from itself.
But in the process, it piled on the debt as this graph from the Reserve Bank shows.

Graph of China's non-fiscal debt as a per cent of nominal GDP.(BIS, CEIC Data, RBA)
Since then, every time it has attempted to ratchet back the stimulus, growth has tanked and it's been forced to resume building infrastructure.
That's been great for Australia as China's appetite for minerals and energy has inflated commodity prices.
But the return from every extra yuan in stimulus is shrinking. It's becoming ever-more difficult to lift productivity by building roads to nowhere and empty cities.
Even before the COVID-19 crisis caused the economy to contract (it miraculously avoided recession), growth was shrinking as its trade war with the United States began to exact a toll and sluggish productivity growth weighed on the economy.
But infrastructure building is the biggest weapon in its stimulus arsenal to boost employment and placate the population.
This graph from the RBA late last year paints a picture of an economy facing serious headwinds.

China's GDP growth from 1980 to 2019, with a scenario to the year 2030.(CEIC Data, RBA)
The domestic slowdown has coincided with an attempt to whip up nationalist fervour.
On the propaganda front, Australia has been accused of being a lapdog at the beck and call of Washington.
But it also has seen a dramatic increase in regional aggression with China's claims and military expansion in the South China Sea and, more recently, the crackdown in Hong Kong.
Who holds the power in the iron ore trade?
While the Chinese Communist Party has ramped up the pressure on Australia, it has been careful to attack trade items it can secure elsewhere.
Wine can be sourced from Europe, barley from the Americas, meat from almost anywhere, coal from Indonesia or Russia.
What it can't readily replace is Australian iron ore, although it is in the process of trying with material from Brazil and West Africa.
That will be no easy task. Our three big miners, Rio Tinto, BHP and Fortescue between them produce around 800 million tonnes of the key steel-making ingredient, more than twice that of Brazil's Vale.
West Africa, meanwhile, has been presented its own difficulties.
China produces vast amounts of iron ore but its quality is low, which makes it an expensive and dirty ingredient in the steel-making process.
More than 80 per cent of our iron ore is exported to China, with Japan, South Korea and Taiwan making up for most of the rest.
And despite recent tensions, the trade has been surging as Beijing desperately attempts to lift the country out of the pandemic-induced slump.
Exports rose 8 per cent in June alone and when combined with surging prices, has seen total exports come in at more than $100 billion for the year.
While we are hugely dependent on the export income, it also means we hold the whip hand on a vital ingredient for China — at least for the next five or so years.
That potentially turns the trade into a strategic weapon that could be used as a handbrake on China's economic growth or, in more dire situations, any militaristic ambitions the country harbours.
It's a thought that must send shivers through the boardrooms of our big mining conglomerates.
However, despite the frosty diplomatic relationship, the flow of goods, students and tourists went largely unimpeded.
Posted 2d

 

[laksaboy]

When the time is right, China will become so poor some of its people will starve to death. Just like the good old days.

World's number 2 economy will drop out of top 10, at the very least.

 

[redbull313]

So now Australia too? What is that 100 countries now ? How many more until the Tiongs wake up?

 

[steffychun]

Aussies are racist.

 

[knnccb]

arsetralia wont die one lah, they still got kangaroos and koalas

 

[syed putra]

What if australia were to merge with china?

 

[Peiweh]

Oh my oh my I wonder what the Ozzies will say about this? Looks like the PRCs have just made another enemy - Australia. They guys are really too funny

 

[redbull313]

Alot of Australians very angry now at the chinks. Well done china clap clap clap. we dont need to fight you u can self destruct all on your own

 

[glockman]

China says a lot of shit about countries that don't tow kow to it. Many countries kena already. It's all hot air from a toothless and weak regime. I personally can't wait to see their economy tank, and their country shot to pieces.

 

[mudhatter]

Tiongs merely quoted dead old fart Harry Lee.

 

[mojito]

Well Marxism did promise a classless society.

 

[eatshitndie]

Well Marxism did promise a classless society.

and crassy too.

 

[syed putra]

If australia cannot export its coal, it will simply open its doors to more immigrants. Rich ones. Assuming one bring in usd1mil, just 1000 will bring in a billion usd into the economy. That us the advantage of a good quality if life country.
On the other hand, poorly managed country like jiu hu will continue to lose money from those leaving with usd1 mil.

 

[nirvarq]

This is enough reason why if you're a smart SG & chinese you stand to become rich so simply.

*China's approach has effectively contained the virus' impacts on China's economy, which may make China the only major economy that can achieve positive growth this year. International economic institutions like the IMF and the World Bank have predicted that China will achieve about 8 percent growth in 2021.


1. Go the province /city which you want to trade with.
2. Find your partner and for humsup handsome SG guys it's np at all. SG guys knows, dress up and talks & can psycho their women 300% better than the local Chinks men there i assured you. These women from middle to the upper class families have tons of connections they're more enterprising than us.
3. Stay with them there and you can fly back but don't lie that you're single tell them you're married but unhappy that's good enough good reason for them. They're straight forward, loves fucking a lot and you'll love living there it's exciting not like SG all suppressed.
You can have tons of drinks and women but just don't keep another if you have one there already if not it's scary WAR don't play play ! They'll let you 'play' but don't keep another.
4. Make tons of money finding the local natural products there ship to SG and sell wholesale etc... China and Chinese women there are our Gold mine wtf you waiting for ?!

Farking Boomers and low IQ day in day out kpkb here SG this SG that.... harlo 'It's a Global economy where else is a better base than SG to park your money and assets and raise a familee ? No earthquake no volcano's eruption, forest fires, tornado or any natural disasters, lowest crime, lots of shopping, casino and atas food ....

The winning formula* ? You have 2 oysters one at home one there to monitor, guard and check prices for you here and there. Hence the term 'The World is your Oyster'. lol..........

 

[tiongsrshit]

Soon Tiong say only cheena good, all other race, religion, country bad.

 

[laksaboy]

This is enough reason why if you're a smart SG & chinese you stand to become rich so simply.

*China's approach has effectively contained the virus' impacts on China's economy, which may make China the only major economy that can achieve positive growth this year. International economic institutions like the IMF and the World Bank have predicted that China will achieve about 8 percent growth in 2021.


1. Go the province /city which you want to trade with.
2. Find your partner and for humsup handsome SG guys it's np at all. SG guys knows, dress up and talks & can psycho their women 300% better than the local Chinks men there i assured you. These women from middle to the upper class families have tons of connections they're more enterprising than us.
3. Stay with them there and you can fly back but don't lie that you're single tell them you're married but unhappy that's good enough good reason for them. They're straight forward, loves fucking a lot and you'll love living there it's exciting not like SG all suppressed.
You can have tons of drinks and women but just don't keep another if you have one there already if not it's scary WAR don't play play ! They'll let you 'play' but don't keep another.
4. Make tons of money finding the local natural products there ship to SG and sell wholesale etc... China and Chinese women there are our Gold mine wtf you waiting for ?!

Farking Boomers and low IQ day in day out kpkb here SG this SG that.... harlo 'It's a Global economy where else is a better base than SG to park your money and assets and raise a familee ? No earthquake no volcano's eruption, forest fires, tornado or any natural disasters, lowest crime, lots of shopping, casino and atas food ....

The winning formula* ? You have 2 oysters one at home one there to monitor, guard and check prices for you here and there. Hence the term 'The World is your Oyster'. lol..........

LOL, the globalist world order will be destroyed. And China's economy will no longer be the second largest... I predict it will drop out of top 10.

It will not longer be business as usual like back in the day when China joined the WTO.

Nobody should go to China... the surveillance there is far worse than in Sinkieland. And don't get be started on food and drug safety etc. The Tiongs who are smarter and more capable have already left that shithole.

Only a fool still believes that China is the 'promised land' flowing with milk and honey, where you will huat big time. Those local Sinkie Chinese towkay types and SCCCI clowns sincerely believe this crap.

 

[ilovechinesegal]

What if australia were to merge with china?

It won't happen! Just make aus as chinese majority and tat would be great! Chinese gals there are chio and friendly! They are not so snobby as the sinkie chink gals here! Aus also has a lot of rich Vietnamese too!