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  1. #21411
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    From the Guardian
    China’s move to suspend a form of economic dialogue with Australia is being viewed as a response to the Australian government’s cancellation of the Victorian Belt and Road agreements and the newly announced review of the Port of Darwin lease.But its concrete impact is “zero”, according to trade expert Dr Jeffrey Wilson.The suspension relates to activities under the China-Australia Strategic Economic Dialogue (SED).Wilson, the research director at the Perth USAsia Centre at the University of Western Australia, tells me the last time such a meeting was held was in 2017.Scott Morrison, the then treasurer, and Steven Ciobo, the then trade minister, took part in the third SED in Beijing in September 2017. At the time the pair described the SED as “one of our premier bilateral economic meetings with China”.Wilson says:They suspended something we haven’t held since 2017. The concrete impact is zero … It’s only been held three times and it’s been in abeyance longer than it’s been in action.Wilson describes today’s announcement by China’s National Development and Reform Commission - the agency that had partnered with Victoria on the Belt and Road Initiative (BRI) - as a “tit for tat” move.“It’s absolutely retribution for the BRI [agreements being cancelled] and in the last couple of days Peter Dutton ordering yet another review of the Darwin Port.”Wilson contends that after Beijing took action against a range of Australian export sectors last year, it had “run out of ammunition”. He says China is not willing to go after sectors like iron ore because it needs it.The Australian government had already complained that ministers have been unable to secure talks with their Chinese government counterparts since early last year. The free trade agreement remains in effect.

  2. #21412
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    Quote Originally Posted by Ruby View Post
    From the Guardian
    China’s move to suspend a form of economic dialogue with Australia is being viewed as a response to the Australian government’s cancellation of the Victorian Belt and Road agreements and the newly announced review of the Port of Darwin lease.But its concrete impact is “zero”, according to trade expert Dr Jeffrey Wilson.The suspension relates to activities under the China-Australia Strategic Economic Dialogue (SED).Wilson, the research director at the Perth USAsia Centre at the University of Western Australia, tells me the last time such a meeting was held was in 2017.Scott Morrison, the then treasurer, and Steven Ciobo, the then trade minister, took part in the third SED in Beijing in September 2017. At the time the pair described the SED as “one of our premier bilateral economic meetings with China”.Wilson says:They suspended something we haven’t held since 2017. The concrete impact is zero … It’s only been held three times and it’s been in abeyance longer than it’s been in action.Wilson describes today’s announcement by China’s National Development and Reform Commission - the agency that had partnered with Victoria on the Belt and Road Initiative (BRI) - as a “tit for tat” move.“It’s absolutely retribution for the BRI [agreements being cancelled] and in the last couple of days Peter Dutton ordering yet another review of the Darwin Port.”Wilson contends that after Beijing took action against a range of Australian export sectors last year, it had “run out of ammunition”. He says China is not willing to go after sectors like iron ore because it needs it.The Australian government had already complained that ministers have been unable to secure talks with their Chinese government counterparts since early last year. The free trade agreement remains in effect.
    Key take out from above..."He says China is not willing to go after sectors like iron ore because it needs it..."
    Add dairy to that list...

  3. #21413
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    Quote Originally Posted by Balance View Post
    Have a look at the stocks hit by China sanctions in Australia in the last 12 months.
    Quote Originally Posted by Ruby View Post
    In the interest of balance, perhaps you should repeat post on seafood,wine and all other dairy stocks in here...
    In news today, seems the UK keen to progress their NZ/UK FREE trade talks...... always good for NZ to lessen it's reliance on China.

    One door closes..... another opens.

    More here.

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    Quote Originally Posted by Balance View Post
    https://www.nzherald.co.nz/nz/china-...I35KO4YGXQVK4/

    Not a good idea to pull the dragon’s tail.

    One word from China & a swish of the dragon’s tail and stocks like ATM could fall 20%.

    How dumb can NZ get?
    If Labour hadn't vetoed the statement would have mentioned "genocide". Some say this was at the behest of Chinese government which Labour of course denies. However I can certainly imagine that through back channels China was made aware of a statement coming that won't include "genocide". What happened today was just diplomatic deck shuffling. China just can't sit back and take it. The real interesting bits will happen over the next few weeks. Personally I cannot see NZ going down the same route as Australia with escalating language so I don't believe that there will be any trade war between NZ and China. Interesting fact is that despite all the tariffs China put on Australian goods the total trade between them has increased more between them than us.

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    https://youtu.be/SShvYq5gQ2U

    1 hour long news report on china - Australia trade war.

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    Quote Originally Posted by silu View Post
    Interesting fact is that despite all the tariffs China put on Australian goods the total trade between them has increased more between them than us.
    Probably because of the iron ore hitting US$189 ton followed by copper and coal up 42% from a year ago with Barley joining the party up 6.2%

    If Australian Lobster is cheap send to NZ I would eat...........

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    Quote Originally Posted by LEMON View Post
    https://youtu.be/SShvYq5gQ2U

    1 hour long news report on china - Australia trade war.
    Interesting how some Australian businesses feel bullied. Similar when they banned our apples for years. Some bullies don’t like bigger bullies.

  8. #21418
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    Quote Originally Posted by Ggcc View Post
    Interesting how some Australian businesses feel bullied. Similar when they banned our apples for years. Some bullies don’t like bigger bullies.
    Then there’s Air NZ, Telecom & the Warehouse - bullied by their Aussie competitors with plenty of assistance from their government of the day.

  9. #21419
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    The real test for A2 Milk drunk by the chinese is if they ever get there men eight up to beat the UK mens 8.

    After the millions of dollars into sport training centres in china they still cant come near the milky pale UK mens eight. China is just jealous that their men cant beat the Uk and Aussi mens eight let alone keep up with the germans.

    Chinese are basically loud shouting jealous men....not matter how much AT 2 milk they drink.


    https://www.youtube.com/watch?v=Ha_pK8khDuQ

    Take a good look at the 5 seat in the german mens eight. For those of you who dont know your way about the seating order that's the boy with cap on backwards in the middle of the mighty german eight.

    For a really good workout i recommend an outing with East German Wooden sculls (GDR 298, if you dont own a pair, i'll lend you one of my sets) and a milk protein banana shake afterwards. Dont try the sour milk on the Bosbaan course in amsterdam unless your dutch.

    East German wooden sculls are only for viking oarsmen and athletes on steroids.
    Last edited by Waltzing; 07-05-2021 at 12:14 AM.

  10. #21420
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    Quote Originally Posted by Balance View Post
    https://www.nzherald.co.nz/nz/china-...I35KO4YGXQVK4/

    Not a good idea to pull the dragon’s tail.

    One word from China & a swish of the dragon’s tail and stocks like ATM could fall 20%.

    How dumb can NZ get?
    No idea where you got your 20% from, but apart from that - don't we expect our parliament to show from time to time at least some spine fragments?

    I would think it sad if a fictive dip to the share price of some NZ company would be seen as more important than the human rights (and lives) of millions of people.

    It is not dumb to speak out and do the right thing, but it would be spineless and cowardly not to do so.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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