Australia - China - Poltics

[Trevor 57]

Originally Posted by mmhmm

Good Evening,
My research of course is based on the news facts from Sky news and the Allan Jones show. I take great pride in hearing their opinions and believe its fact.

there is the first BIG issue

Ask ScoMo where he borrowed the $130billion from

[Franco Cozzo]

[Franco Cozzo]

Some outside perspectives on what's going on between Australia and China.

These also predate our current decline in relationship too.

The first one covers why we saw Melbourne University flout the travel ban from China by getting students from China to another nation then into Australia funding flights and hotel stays.

https://www.theguardian.com/world/20...rus-travel-ban

The CCP also has significant political influence amongst it's Chinese students at our universities:

https://www.abc.net.au/news/2019-08-...eview/11455588

Also using their social media platform WeChat to be critical of our government to Chinese communities locally

https://www.abc.net.au/news/2019-05-...ounts/11092238

Talk about putting all your eggs in one basket

Do you value the economy or our sovereignty? Might be worth diversifying our economy and look for new markets for our exports but I feel our population and our government aren't taking their interference in our country serious enough - muh franking credits.

[zipping]

Originally Posted by Trevor 57

Ask ScoMo where he borrowed the $130billion from

I like how Trev overlooks Chairman Dan signing up to the Belt and Road initiative. Putting aside the hypocrisy the answer to the question is over time the government sells T-bonds, T-notes and other securities to the market, prints more money and can raise taxes to fund its spending. Australian bonds are well received, and that is because of the relative strength and the relative positive impression that markets have in relation to Australia

In the first round mid April the big banks bought up over 50% of the bonds offered. A further breakdown shows investment managers 25 per cent, hedge funds more than 17 per cent and central banks from other countries including China 5 per cent. The bonds pay a yield of 0.47 per cent, at the upper end of the marketed range.