Comments by "annoyed aussie" (@annoyedaussie3942) on "WHO investigators begin probing into the first Wuhan coronavirus cases | DW News" video.

  1. China has been sort of demanding cheap iron ore below the cost of Brazilian iron ore for about 15 years. Australia has about 53% of the internationally traded iron ore market and China 69% . China needs our iron ore just like previously the US needed Saudi oil. China considers iron or just like oil, a national security item. The trading percentages for metallurgical coal are similar. If you understand Trump you understand China, China doesn't like trade deficits and the US doesn't like trade deficits. China has a trade deficit with Australia, the US has a trade deficit with China. China might be opening up for foreign investment now however this wasn't always the case, China wants to have full rights to buy Australian assets yet it doesn't appear to go the other direction. Should Australia cave in and abandon foreign investment rules especially in the resources sector? Should Australia not have foreign political interference laws which actually a real demand of China openly stated by the ambassador? Incorrectly in both cases of US and China they think a trade war with trade deficit countries will advantage them. While China is causing pain to some of Australias agricultural sector and now thermal coal they are paying more for iron ore and I suspect more for metallurgical coal because any destabilization pushes prices up and Chinese steel producers will stockpile raw materials if they can because they afraid China or Australia might cut the supply. Nobody wins in a trade war. Whether or not the Covid 19 investigation and other similar issues plays a big part in what China is doing with Australia I think this is unknown. One thing I think Australia could do is point out that there is no intention of ever cutting off the supply of iron ore or metallurgical coal because I get the feeling China is fearful that might do this because of exactly what you just said , they think maybe Sky News Australia is like Fox News to the US and that it might have a large following , almost every person commenting on sky News Australia says cut the iron ore supply from China or in other words start a real war and cause economic collapse of China and Australia because we are the most reliant on each other of any two G20 countries. No major Australian political party thinks like this but China possibly doesn't realise that.
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