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Australia has maintained the myth of economic growth for nearly 30 years, behind which the Chinese market has played a central role— -This is a statement that even the Australian media agrees.”Australian Finance Insights” pointed out on January 22 that In the past 10 years, Australia’s total export value increased by 180 billion Australian dollars per year, of which about 60%came from trade with China,“You’re welcome, Australia China’s economic development is largely dependent on China.”
However, from an Australian perspective, such an”inseparable” relationship is now Overturned, and even if the country’s important figures in the United States have declared that “Australia is ready to bear the economic price”, but the slogan is so cool, facing reality is not easy.
The loss will exceed 500 billion, and Australia has”successful” with China five times!
According to the Australian Financial Insights reported on January 23, Australia’s new Minister of Trade Dan Tehan stated that he has China sent a letter hoping to resolve related trade issues as soon as possible. It is reported that this is not the first attempt by Dan Tien to restart communication with China. In December 2020, after Dan Tien succeeded Simon Birmingham as the Minister of Trade of Australia, he immediately stated that he Letter to relevant Chinese people saying that there is a chance to break the deadlock.
and earlier, in the 10-day period from the end of November to the beginning of December 2020, Australian Prime Minister Morrison has shown good wishes to China three times, pointing out that he wants to”happy coexist” with China, showing his determination to save bilateral economic and trade relations. In other words, this time Dan Tien sent a letter to China, this is Australia’s fifth timeto send a”reconciliation” signal to China.
Behind Australia’s eagerness is actually the country’s major export industries. overwhelmed. Take coal as an example. As early as November last year, many Australian media reported that Australian coal ships stranded in Chinese ports had already There are more than 80 ships, valued at over 1.1 billion Australian dollars (about 5.5 billion yuan); According to”Australian Financial Insights”, Australia loses a market worth about 14 billion Australian dollars (70 billion yuan) every year.
In addition, Australian wine, beef, lobster, cotton, Timber and other exports to China have also encountered difficulties. Even cherries, which Chinese “foodies” have recently enthusiastically discussed to “achieve freedom”, have also been considered by Australian media to be the next “victim”.
It can be said that the economic cost facing Australia is huge-Australia Economists’ modeling data shows that if China-Australia trade is reduced by 95%, Australia’s GDP will lose 6%; According to this Estimated by the country’s total GDP in 2019 of US$1.4 trillion, Australia’s losses will reach US$84 billion (about 544.5 billion yuan).
Australia is desperate for survival! Australian media wakes up:You can no longer be fooled by the United States
The Chinese market is lost due to self-acceptance. Australia has not thought of “backward”, that is, looking for China Alternative market. Let’s take coal as an example. In the beginning, Japan was an important buyer of Australian coal, but in recent years, the Japanese government has taken the path of green energy and announced the closure of about 100 coal-fired power plants by 2030. This news is like a bolt from the blue for Australia.
With no other choice, Australia turned to India, and the Australian Minister of Resources also went to India. Discuss the development of coal mines with important local figures; however, India’s economy is getting bleak due to the epidemic, and the country chanted the slogan”Protection of national industries” and announced that it would stop all coal imports. Australia’s”abacus” was clearly frustrated.
For barley, former Australian Trade Minister Simon Birmingham promised to Australian barley is looking for an alternative export market, and the country has also discussed with Indonesia to sell 500,000 tons of Australian feed grains to the local area.Western Australia grain business has also sent a batch of 35,000 tons of barley to Mexico; but according to Australian media, China has always been Australian barley The main buyers, but today’s imports have dropped to the lowest point in nearly 9 years, and the purchases in other alternative markets are “dropping in the bucket”.
Perhaps seeing the current trade crisis, the Australian media seems to be better than the country’s The government is more aware of reality.”Australian Finance Insights” published an article on January 20 that Australia became the vanguard and platoon of American self-interest, but in 2019 Pompeo once warned that”Australia should not sell its soul for soybeans (exports to China)”, but turned to the United States and signed a trade agreement with the Chinese market, making a fortune. The United States did it.”
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