BLUFThis article claims that China’s ‘trade war’ with Australia is starting to backfire on China and could be good for Australia in the long term.
Ian Verrender argues that in his opinion, China's ongoing trade war with Australia is starting to backfire on China. Verrender reminds us of a saying attributed to Sun Tzu:'Never start a war unless you know you can win'.* And China, Verrender argues, is not achieving what it set out to do, i.e. punish Australia' by undermining its economy. No one can deny the China-Australia relationship is currently in a bad place, but 'much to the chagrin of Beijing' (as Verrender puts it), Australian trade is booming—and that's despite the economically crippling global pandemic. Verrender argues that China's economic punishment of Australia could end up being a blessing in disguise. He says the trade war has forced Australian exporters to look for alternative markets (which they have done quite successfully). In the long term, the trade war with China will benefit Australia by reducing its reliance on trade with China.
- Jun 2021 ABC Rural Australian lobsters back on the menu as Chinese 'grey trade' fires up again
- Dec 2020 ABC News Everything you want to know about Australia-China trade war but were too afraid to ask
- May 2021 SMH China’s not winning its trade war with Australia