'Asia isn't just China': CEO of Australia's ANZ says more companies looking beyond China as tensions flare

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ANZ chief says more companies are considering diversification in Asia after Australia-China tensions

Elliott said the recent developments have opened up people's minds to think more about their strategy in Asia.

, which reported full-year cash profit fell 42% to 3.76 billion Australian dollars. That was better than an estimate of 3.51 billion Australian dollars, according to a Reuters poll. When asked when earnings will get back on track, Elliot said that the banking industry faces a crisis "of some sort, quite regularly" every 7 to 10 years.

He added: "So I don't know that there's going back to normal, I don't know that ANZ will ever look the way that it used to."

 

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Australia can investigate origins of corona virus in China but Trump gets looked down upon by our media for even suggesting it. What a world we live in.

How? Selling wine to Indonesia and selling beef to India? Or should Australia sell iron ore to the Europeans? Like it or not, China is the where the market and money Is. Your principle or money, take your pick but don't be a hyprocrite and present any half arsed false 'choice'

Australia is not considered a part of Asia, so shut up and mind your own business.

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