Business
Australia’s dependence on China has never been so starkly illustrated – Sydney Morning Herald
The country where the coronavirus was first detected is now the sole major economy showing genuine signs of recovery.
It’s not just mining. It’s food and merchandise, students and tourists. On all counts, China is Australia’s number one market. Australia has been very good at doing business with China and very bad at diversifying.
That leaves it exposed. For all the federal budget’s domestic stimulus, it is notable how little it focuses on initiatives outside Australia’s borders.
The third largest item in the Foreign Affairs expenditure is $25 million to make sure prospective arrangements between state and te…
-
General18 hours agoEpstein files contain new photo of former prince Andrew Mountbatten-Windsor
-
Noosa News18 hours agoGreen spine to open in early 2026, stations to sit empty after completion next year
-
Business23 hours agoThe ETF portfolio I’d build if I never wanted to watch markets again
-
General13 hours agoFormer Pakistani PM Imran Khan and wife Bushra Bibi given 17-year jail sentence in new graft case