General
An all-out trade war with China would cost Australia 6% of GDP
China accounts for more than a third of export dollars earned by Australia.
The figures, for the 12 months to October, cover the period of coronavirus disruptions and disputes over trade.
They apply to physical exports rather than harder to measure services, and are dominated by record-high Chinese takings of Australian iron ore.
But they mightn’t last.
China is changing, transitioning from growth driven by the iron-ore hungry expansion of cities and manufacturing to growth driven more by the supply of services.
Externally, its “belt and road” infrastructure investments facilitate the supply of resources from locations other than Australia, among them the Simandou iron ore and bauxite deposits in…
-
Business19 hours agoWhy Vault Minerals, Droneshield, Westgold Resources shares are climbing higher today
-
Noosa News15 hours agoRacing Queensland responds to criticism of ‘deadliest’ greyhound track
-
Noosa News23 hours agoDramatic details emerge of moment woman loses arm in attack by lion in Queensland Zoo
-
Noosa News20 hours agoQueensland’s nurses and midwives ramp up industrial action as pay negotiations break down