The comments echo those made by the head of the country’s largest business bank, NAB chief executive Ross McEwan, who said last week the trade war had impacted his business customers.
“What we have seen is some of these industries have found other markets up in Asia – South Korea, Indonesia, Japan,” Mr McEwan said. “There are other markets. But the big market for Australia is China.” “We have to be concerned because China is our number one trading partner. It’s meaningful for both countries, certainly for Australia with all our goods and services that go up to China. We’ve had a relationship with China for decades,” Mr McEwan said. “Of course, it has to be a concern.”
Don't just blame governament as businessesare responsible too. Its business who wants cheaper labor. Also business do high insourcing making local people out of jobs and makes stressfull life and finally moving to centerlink unwanted.
Anyone who seriously still think China will continue to mega purchase iron ore from Aus,post Covid, has socks for dinner. Anyone who believes alternative customers, can be found ,with appetite of 1.5 bil has woodchip juice for brekkie.
There's an underlying problem whereby corporations in their haste to make quick profits will sacrifice prudent longer term planning and contingency. The result: the dilemma we now find ourselves in.
Not a single word on how Morrison & his gang of incompetents have fucked up the relationship. CharlotteGriev1 shields Morrison from any scrutiny. Costello’s TheAge, taking LNP spin to the next level. DumpTheAge TheAgeOfLNPBootlickers
Hang on, these key business leaders are the ones who wanted, desperately wanted, a free trade agreement with China. Sorry you can't back pedal now. You were warned THEN.
The Morrison Government is killing the export trade to China Not good for our economy