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<\/p>\nIn Albo\u2019s great grovel to China, there is a trend that nobody dares speak its name.<\/p>\n
Despite the ALP\u2019s weak-kneed Chinese fixation, the truth of it is that the Chinese economy is getting weaker, not stronger, with no end in sight.<\/p>\n
Ironically, for Albo\u2019s great Chinese kowtow, this is particularly the case when it comes to Australian trade.<\/p>\n
The Chinese economy is barely growing. But it is changing. And those changes are away from Australian exports that supplied construction and towards higher-tech industries, of which Australia has none whatsoever.<\/p>\n
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Hence, our trade surplus with China is falling and, in my view, it will turn into a deficit in 2026\/27.<\/p>\n
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The looming gluts in bulk commodities and LNG are going to pull down export revenues by another 30% yet.<\/p>\n
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Meanwhile, more importantly for the story, Chinese imports will continue to grow.<\/p>\n
This is because we continue to pursue the world\u2019s most stupid economic model by pumping demand via immigration instead of increasing the efficiency of supply via innovation and investment.<\/p>\n
The model comes with Dutch disease, through which overpriced local costs offshore industry.<\/p>\n
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And that is where stupid turns catastrophic. Not even a one-hundred-year Chinese pandemic shock was enough to convince Canberra that it needs to repatriate critical supply chains.<\/p>\n
No, we\u2019ll just keep relying on our fundamental enemy to supply us with everything, even critical military inputs.<\/p>\n
Everybody else worldwide got this message. Sovereignty matters, and if you make yourself vulnerable to China, it will exploit you, most plainly from the failed example of Australia!.<\/p>\n
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Be warned, the looming trade deficit is just the start.<\/p>\n
If Labour remains in power, it will soon be a freedom deficit as well.<\/p>\n","protected":false},"excerpt":{"rendered":"In Albo\u2019s great grovel to China, there is a trend that nobody dares speak its name. Despite the…\n","protected":false},"author":2,"featured_media":120099,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-120098","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/120098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=120098"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/120098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/120099"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=120098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=120098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=120098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}