Australian (ASX) Stock Market Forum

It's Time To Tell China To Get Nicked

also that evidence that CCP and Covid-19 was a China play that was intentionally released)

And the West played into it perfectly, Chinese execute plans so well, we could learn from them.

I think they didn't even believe that it would work so well, destabilizing Western Society.
 
China has an authoritarian political system controlled by the Chinese Communist Party with Xi at its head and determine to remain so.

For this to remain the case the Chinese need enemy's so the great leader can lead them safely through onto greater heights and power.

All the while reminding the Chinese people of the great humiliation the western world imposed on China.

Maintaining power at any cost is the very 1st priority and its through this lens any interactions need to be viewed, everything else is fluff.

The current issues are likely to be only the start leading into greater and real problems between China and Australia particularly if Australia's pollical elite keep playing to domestic politics.
 
China has clearly breached our so called free trade agreement , now is a great time to relieve ourselves of this odious burden on our national sovereignty, tear it up and start imposing tariffs on China's goods that compete with out our own producers.
 
A couple of weeks ago I was going to write a post about a hypothetical but very dangerous scenario that I though was feasible. The situation I was going to describe was a scenario in which Chinese fishing boats encroach Australian exclusive fishing waters and start fishing there, with backup Chinese naval support just outside Australian territorial waters. I was going to ask what our reaction should be. Do we do nothing and effectively relinquish our fishing grounds to China. Do we forcibly try to stop and board the fishing boats and risk a confrontation. Although hypothetical, the underlying assumption is that China wants to create a confrontation situation.

Then there is now this:

China's plan to build a fish processing facility in the Torres Strait raises alarm over fishing, border security


Former PNG government adviser Jeffrey Wall said it was a lot of money to spend in a small community not known for commercial fish stocks.

"We should be absolutely alarmed not only because it is strategically located close to Australia, but there is potential for conflict in the Torres Strait," he said.
 
How difficult is the property purchase process in China?
"There is no private ownership of land in China. One can only obtain rights to use land. A land lease of up to 70 years is usually granted for residential purposes.

Foreigners who have worked or studied in China for at least a year are allowed to buy a home. Foreigners go through supervision procedures for about a week before they are allowed to buy properties in designated areas.

Ownership rules for foreigners and locals were harmonised on a national level in 2001, but the local governments implement the lifting of restrictions. The municipal authorities of Shanghai lifted the restriction on July 2001, Beijing followed on August 2002.

Foreigners cannot be landlords. Property ownership for investment by foreign companies and individuals are prohibited. Chinese living overseas and residents of Hong Kong and Macau are exempt from these restrictions

.

So why do we allow them to be landlords and buy here.
 
How difficult is the property purchase process in China?
"There is no private ownership of land in China. One can only obtain rights to use land. A land lease of up to 70 years is usually granted for residential purposes.

Foreigners who have worked or studied in China for at least a year are allowed to buy a home. Foreigners go through supervision procedures for about a week before they are allowed to buy properties in designated areas.

Ownership rules for foreigners and locals were harmonised on a national level in 2001, but the local governments implement the lifting of restrictions. The municipal authorities of Shanghai lifted the restriction on July 2001, Beijing followed on August 2002.

Foreigners cannot be landlords. Property ownership for investment by foreign companies and individuals are prohibited. Chinese living overseas and residents of Hong Kong and Macau are exempt from these restrictions

.

So why do we allow them to be landlords and buy here.
This is what when he gives me the crappers mate. It is ideological dissonance.

On the one hand, ideologically, I can see the thinking of allowing people to invest here from other countries like China.

on the other hand if Australians are not allowed to invest in their country, then our ideological largesse becomes asymmetric... and I think that is wrong and against our national interest.

In fact it becomes a little bit sinister in my opinion.

They are also many other layers of that particular onion which act against the interests of our own plebeians.

I have nothing against the Chinese people per se.

I think they are largely culturally congruent with us and I actually really enjoy interacting with my Chinese friends... But The economics of it just doesn't add up in terms of our own national interest.

And for balance, the same applies for any other nationality.
 
A couple of weeks ago I was going to write a post about a hypothetical but very dangerous scenario that I though was feasible. The situation I was going to describe was a scenario in which Chinese fishing boats encroach Australian exclusive fishing waters and start fishing there, with backup Chinese naval support just outside Australian territorial waters. I was going to ask what our reaction should be. Do we do nothing and effectively relinquish our fishing grounds to China. Do we forcibly try to stop and board the fishing boats and risk a confrontation. Although hypothetical, the underlying assumption is that China wants to create a confrontation situation.

Then there is now this:

China's plan to build a fish processing facility in the Torres Strait raises alarm over fishing, border security


Former PNG government adviser Jeffrey Wall said it was a lot of money to spend in a small community not known for commercial fish stocks.

"We should be absolutely alarmed not only because it is strategically located close to Australia, but there is potential for conflict in the Torres Strait," he said.

Start building a military base in Darwin reckon and lease it to the Yanks.
 
Start building a military base in Darwin reckon and lease it to the Yanks.
We have had it for a while.

Maybe the other option would be, to get Labor in and start kissing butt.?
On a realistic note, it will probably be a choice of that, or a rapid change to what is considered as normal lifestyle in Australia.
I think we should bite the bullet and get on with value adding here, that will cause a rapid increase in cost of goods, but will end up with a sustainable lifestyle.
ATM we are riding the mining into the ground, when it is done so are we, but whether the general public would accept the re adjustment process, I doubt it. :thumbsdown:
Just my thoughts.
 
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We need to ban China from our iron ore, once and for all. Short term pain for long time independence.

(previously posted in wrong thread)
 
Couldn't resist the dig could you ? ;)

However, a change of government could mark a turn in direction by China, even if the essential principles remain the same.
If either party comes up with a sensible sustainable way forward, where my grandkids have the same future I and you had, I will vote for them.
ATM neither party seems to have a definitive way forward, in a way the China issue is forcing Australia to develop a long term plan, so the next couple of years should actually force the politicians to earn their keep.
Over the last 40 years politics has been a cruisy job for lazy lawyers IMO, well I think that is all about to change, big time.
Just my opinion.
 
If either party comes up with a sensible sustainable way forward, where my grandkids have the same future I and you had, I will vote for them.
ATM neither party seems to have a definitive way forward, in a way the China issue is forcing Australia to develop a long term plan, so the next couple of years should actually force the politicians to earn their keep.
Over the last 40 years politics has been a cruisy job for lazy lawyers IMO, well I think that is all about to change, big time.
Just my opinion.

I can't see a sustainable way forward with China if they keep jerking us around. Disengagement is the best long term strategy in my view in the absence of regime change n China which looks doubtful.

We should be giving preference to our reliable customers and others should join the end of the queue. How much clout we have to dictate conditions is debatable, we have some with iron ore, but ag products are probably over supplied world wide.

Manufacturing has to be a priority. It's about 4% of gdp now, which is pathetic. Countries who can't make things for themselves are on a hiding to nothing.
 
Manufacturing has to be a priority. It's about 4% of gdp now, which is pathetic. Countries who can't make things for themselves are on a hiding to nothing.
Part of the problem is that management and politics in Australia has been "captured" by those who put words on pages and spend hours arguing over technicalities. There's a place for that but it's not a skill that's of any use at all when it comes to manufacturing and that of itself goes a long way to explaining the disdain such people tend to hold toward it.

If we're going to shift toward manufacturing then we need an overall change in focus far beyond just building a few factories. We need to start valuing technical things and quality as goals in themselves and we need to stop applying courtroom-like thinking to situations where what's required is solutions not blame.

That in practice means change at the top. We need a more diverse background of people in politics, far fewer former lawyers, career politicians and unionists, and much the same in business. There's a place for lawyers sure, I've nothing against them, but our leadership in both politics and business is seriously deficient when it comes to people with any sort of technical or practical background and that itself is a barrier to change. We need to put "technical" on the same pedestal that "law" is on now and we need "strategic thinking" up there with them.

Someone could no doubt express it in better terms than I have but in short, the skill base and way of thinking of our leadership is heavily lopsided. It's not even close to balanced - plot it on one of those "how your mind works" type charts with the 4 boxes and pretty much the entire parliament would be in the same box and rather a lot of business leaders would be there too. We need a much better balance with far more in the other three boxes. :2twocents
 
Manufacturing has to be a priority. It's about 4% of gdp now, which is pathetic. Countries who can't make things for themselves are on a hiding to nothing.
My over-simplistic economic theory is that "ALL COSTS ARE LABOUR COSTS". All expenses, rents, fees, charges, R&D expenses, taxes (State and Federal), the resultant profits or losses (including multi-national company profits), at the end of the day, flow on to individual people. These costs which become income, may as well stay in the country of origin of the "sale" and benefit the "consumer" who created the sale in the first place.
 
My over-simplistic economic theory is that "ALL COSTS ARE LABOUR COSTS". All expenses, rents, fees, charges, R&D expenses, taxes (State and Federal), the resultant profits or losses (including multi-national company profits), at the end of the day, flow on to individual people. These costs which become income, may as well stay in the country of origin of the "sale" and benefit the "consumer" who created the sale in the first place.

Yep. Politicians listen to business too much who grumble about paying higher wages, but workers are consumers and if you depress their wages you depress their ability to spend which is bad for the economy.
 
Yep. Politicians listen to business too much who grumble about paying higher wages, but workers are consumers and if you depress their wages you depress their ability to spend which is bad for the economy.

Agreed and then the RBA compound the problem by sticking to the antiquated notion that every one owes money.

Many people have had 50 - 70 years to accumulate money and assets, these people are now happy to spend their annual income on lifestyle choices and home maintenance.

In my area a huge percentage of jobs come from BBs doing just this plus the tourists that visit doing the exact same thing.

Now that interest rates are Zero, us and most of our friends have cut our annual spending accordingly.

New building is much the same but the small fill in jobs have slowed dramatically.

This all effects the next generation and the employment of apprentices which effects the economy of the whole area.
 
We need to stop blaming China, we need to look closer to our own political elite(?).

Rant for the day

To create a productive and livable community/environment/society we need the following or we live in a destructive one:
1. Air - without it, you're dead in three minutes - thankfully that has not been commercialized yet
2. Water - give it a couple of days without it and you're dead. Aussies are lucky, we still have drinkable water available free(?) But we have commercialized it, look at the Murray Darling, which leads to the next point
3. Food - again we are blessed, but even this has been commoditized for overseas consumption
4. Shelter - we screwed up, turned it into a commodity causing a negative feedback loop that affects all generations. Higher wages are required to obtain, interest rates need to be lowered to support it.
A. Baby boomers got to benefit from it, but now unless you own the asset, as a retiree you get f----k all of nothing for your other asset classes to obtain the above that you worked hard for
B. Current generations get to benefit from low, incredibly low interest rates to buy an essential requirement for life (Shelter), but pay through the roof for it.

Stop blaming the Chinese when we allowed our politicians to turn Shelter into a commodity and not something for Australians. FIRB is a joke, I now wonder why we celebrate Anzac day when those that fought for the sovereignty of this country, have over generations, allowed our elected officials to undermine the reason why they went to war and lost their loves, land for the people of the country to be sold to the highest bidder. So many lives lost for nothing.

We will not see innovation or resurrection of manufacturing in Australia again, when we sold one of the core requirements to support it, the ability to provide affordable shelter to the people who call Australia home.

So we only have 3 elements left, they to will be sold to the highest bidder and current and future generations will wonder why.
 
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