What's new

Fact : China's economy 'would collapse' without Australia's iron ore

Khan vilatey

FULL MEMBER
Feb 11, 2020
607
2
604
Country
Pakistan
Location
Canada

China's economy 'would collapse' without Australia's iron ore
01/09/2020|4min

The Chinese just want to win at all cost, doesn’t matter what the issue is, they want to dominate you and have you kowtow to them, that’s their strategy".


Billionaire Clive Palmer says the Chinese economy would collapse if the communist state didn't have access to Australia's iron ore . "China’s totally dependent on Australia for its iron ore and resources," Mr Palmer told Sky News host Peter Gleeson. "If it didn’t have access to that iron ore, certainly you’d find that the Chinese economy would collapse".

Mr Palmer said if the Australian government "really wanted to put a tariff on iron ore, or to counter what they're doing to our barley and bullying our industries, that's all they have to do".

"They just have to say whatever tariff you want on your iron ore, is equivalent to what you're doing to our industry, to try to make a political point. "And they’d be in line pretty quickly and they’d respect that a lot more than they do." He also said it doesn't matter whether "you're reasonable or unreasonable" with communist China, it's all about control.


"The Chinese just want to win at all cost, doesn’t matter what the issue is, they want to dominate you and have you kowtow to them, that’s their strategy".

Yes on the flip side if China moves away from importing Australian iron ore, as China is the biggest producer of iron ore. Will it flatline the Australian economy, there would be massive job losses and massive losses of revenue to Australia. Would the Australian democratic government survive or a Maoist communistic goverment take over?

kv

 

Tai Hai Chen

ELITE MEMBER
Oct 15, 2017
16,269
-3
7,312
Country
Canada
Location
Canada
Not necessarily. Russia has a shit ton of iron and it's way cheaper than Australian iron due to lower labor cost and lower transportation cost.
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)

Top