rhino wrote on Dec 1
st, 2021 at 1:34pm:
Lol, iron ore hasnt "halved " in price. Its gone down 23 percent in the last year, the previous year it went up by 150 percent. Now its on the way back up , over $100 a tonne, Chinas in a no win situation due to XIs temper tantrum. Chinas economic growth is directly tied to the price of iron ore, if they want the economy to keep growing that will push up the price. A smart leader would have negotiated with Australia for a fixed price. A stupid leader would irritate the country which feeds and provides the resources for continued economic growth. Lets talk about the price of beef too, he thought, ok we dont need Aussie beef, we will buy it from countries like Argentina, turns out demand was so high from China the Argies sold them a lot of their breeding cattle, so basically they oversold causing a shorage and now the price is also at record highs. Stupid continual emotionally based decisions by Chinas leader, hes like a child who doesnt get his own way and does not care to think through any ramifications of his behaviour. And that is the problem with the one party totalitarian system, no media scrutiny of poor decisions, dissent not allowed, thats what you end up with. XI has set back China 20 years, hes advising his people to stock up on food for goodness sake, try and spin that one.
Xi was invited into the Oz parliament a decade ago. with good relations the key. What happened? Well paranoid Turnbull decided to kowtow to the paranoid CIA and Pentagon, to ban Huawei. It's been downhill ever since.
The next decade will be very interesting as China's economy overtakes the US, despite the illegal containment policies of the paranoid West faced with losing global hegemony.