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China’s ‘frustrating reality’ cruelly exposed as iron ore prices rise – NEWS.com.au
China’s ‘frustrating reality’ cruelly exposed as iron ore prices rise
In its race to become the most powerful nation on earth, China has flexed its muscles over the past few weeks with moves that have sent shivers down the backbone of Australias economy.Like almost every nation on earth, the growing superpower saw its economy knocked back by the Covid pandemic and its government decided it would spend big to get out of the slump.
The Chinese Communist Party ensured there was a huge expansion in the availability of credit and committed to a state-directed infrastructure…
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