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<blockquote data-quote="user 4386" data-source="post: 655635" data-attributes="member: 4386"><p>I just checked - there is actually a huge trade imbalance between Australia and China (i.e. they pay us far more for our goods than we pay them for theirs). Which works against their attempts at trade sanctions against Australia - they have to buy from us. So we have more coming in from them than going out to them, and we have very low unemployment, so I guess not everything is bad at present. We just need to reduce our dependence on them for our exports over time by finding new markets (probably far more effective than us not buying Chinese at present, although we can do that as well - but I suspect that is more a "feel good" factor than an economic weapon). Doing that also makes their trade sanctions just as ineffective....</p></blockquote><p></p>
[QUOTE="user 4386, post: 655635, member: 4386"] I just checked - there is actually a huge trade imbalance between Australia and China (i.e. they pay us far more for our goods than we pay them for theirs). Which works against their attempts at trade sanctions against Australia - they have to buy from us. So we have more coming in from them than going out to them, and we have very low unemployment, so I guess not everything is bad at present. We just need to reduce our dependence on them for our exports over time by finding new markets (probably far more effective than us not buying Chinese at present, although we can do that as well - but I suspect that is more a "feel good" factor than an economic weapon). Doing that also makes their trade sanctions just as ineffective.... [/QUOTE]
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