To my mind, it’s not that they “need” Chinese investment per say, it’s that China is the buyer
I used to work as a shipbroker, and would be the middle man between dry cargo commodity sellers and Asian markets
Iron ore in particular is massive. And most of it goes to China. The mines sell off take agreements eg so the Chinese factories come looking for raw materials and lock in long term supply contracts
Fascinating space actually. Literally at the coal face of global manufacturing
That makes perfect sense, so it’s more like their biggest customer has slowly gained leverage over a strategic part of the economy given how mining is a significant industry over there.
Correct
In a very simple sense, yes
I am sure there’s lots of details I am skimming over!
Definitely there could be more details absent in that simplistic analysis but it at least paints an overall picture of what’s happening. So given these conditions, what’s the best way to address your concerns regarding increasing Chinese influence over Aus?
First, just be aware of it. Then figure out a system to start protecting
