China and Australia are proof that governments do not have to like each other to do business.
When Anthony Albanese arrives in China on Saturday, he will be the first Australian prime minister to visit in seven years.
His three-day trip comes in the wake of plummeting relations between the two countries – and Canberra’s growing military ties with Washington.
His three-day trip comes in the wake of plummeting relations between the two countries – and Canberra’s growing military ties with Washington.
But when it comes to trade, they cannot afford to let go of each other. At the peak of their trading relationship in 2020, almost half of Australia’s exports went to China.
By way of comparison, at around the same time roughly 9% of all US exports and only 5% of British exports were being sold to China.
This kind of leverage can be a powerful tool if a government wants to make a point, which is what happened in 2020 when Australia called for an independent inquiry into the origins of Covid-19.
“That was deeply upsetting to the Chinese government,” said Jane Golley, an economist at the Australian National University (ANU) in Canberra.
China and Australia are proof that governments do not have to like each other to do business.
His three-day trip comes in the wake of plummeting relations between the two countries – and Canberra’s growing military ties with Washington.
When Anthony Albanese arrives in China on Saturday, he will be the first Australian prime minister to visit in seven years.
But when it comes to trade, they cannot afford to let go of each other. At the peak of their trading relationship in 2020, almost half of Australia’s exports went to China.
His three-day trip comes in the wake of plummeting relations between the two countries – and Canberra’s growing military ties with Washington.
His three-day trip comes in the wake of plummeting relations between the two countries – and Canberra’s growing military ties with Washington.
But when it comes to trade, they cannot afford to let go of each other. At the peak of their trading relationship in 2020, almost half of Australia’s exports went to China.
By way of comparison, at around the same time roughly 9% of all US exports and only 5% of British exports were being sold to China.
This kind of leverage can be a powerful tool if a government wants to make a point, which is what happened in 2020 when Australia called for an independent inquiry into the origins of Covid-19.
“That was deeply upsetting to the Chinese government,” said Jane Golley, an economist at the Australian National University (ANU) in Canberra.
#China #Australia #Frenemies
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