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It's Time To Tell China To Get Nicked

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Based on recent trends we've got far less than 200 years.

Continuing as we are is essentially a bet that climate change and action regarding it is a hoax, there are no further pandemics, wars etc and that China's simply bluffing with this trade fuss and won't really put a tariff on anything.

Time will tell but if they actually do put tariffs on well there's the signal to be getting away from reliance on them.

Where this all goes is likely to have a significant influence over government policy and what sort of companies do well in Australia so it's of direct relevance to investors (though not really to short term traders etc).
 
Smurf1976 said:
Based on recent trends we've got far less than 200 years.
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For some resources, but for others we probably have more than 200 years, don't fall into the trap of thinking that because we haven't found it yet it isn't there, otherwise the USA would not be the biggest Oil producer at the moment, Because they were meant to run out of Oil by 1995 if you believe the reserves figures from the 1970's.

BHP, FMG and RIO all claim they have 100 years plus of Iron ore in the Pilbara, what they are mining at the moment is nothing more than the raisons in a vast fruit cake.

This is a big country, lots of land mass containing loads of resources.

In future decades when we need other industries, it will be a different world of automation and robotics, and the manufactories that dominate today may lose their edge and we can build more here if thats going to be the only good place to deploy capital.
 
Value Collector said:
Neither China or the USA have a snowball’s chance in Hell at occupying each other’s homeland, so neither will invade the other.

A Cold War is possible, but that’s it, but that is in neither sides interest.
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There is a possibility that China will seek to expand its empire incrementally by gobbling up little countries that no one cares about, like Taiwan, Burma, Thailand, Vietnam etc. Depending on the disposition of the US they would either let them do it or start a nuclear war.

Nukes will be the only option if China is allowed to build it's military forces beyond a certain point and there will be economic sanctions if they go too far which will obviously affect us.


Value Collector said:
BHP, FMG and RIO all claim they have 100 years plus of Iron ore in the Pilbara, what they are mining at the moment is nothing more than the raisons in a vast fruit cake.
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That's probably based on current consumption and doesn't take into account increases in demand, plus the fact that the "low lying fruit" has been mined and its going to get progressively harder and therefore more expensive to get out what's left.
 
Value Collector said:
BHP, FMG and RIO all claim they have 100 years plus of Iron ore in the Pilbara, what they are mining at the moment is nothing more than the raisons in a vast fruit cake.
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That may well be true.

But can BHP or FMG supply electronics, water treatment chemicals, appliances, medical equipment or any of the myriad of other things we're completely dependent on imports for?

The idea that I'm taking issue with isn't simply about how much iron ore is in the ground but about the entire concept that selling rocks, of whatever sort, and importing just about everything else and having that relationship substantially with a single country.

Outright dependency is never good in any relationship. It leaves the dependent partner wide open to pretty much anything the other side wants with no real option to say no. All good so long as everyone's happy but gets seriously bad if it sours.

That there's any concern at all about China, or any other one country, restricting trade with Australia is of itself evidence that we have a dependency problem. The threat wouldn't bother us in the slightest if we had a healthy balance. Same goes for any other country, we shouldn't be needing to please them that's not a healthy relationship at all.
 
China just called Australia a dog.
Calling a person a dog is the ultimate Chinese insult.
Think about that next time you buy a Chinese made product.
 
dutchie said:
China just called Australia a dog.
Calling a person a dog is the ultimate Chinese insult.
Think about that next time you buy a Chinese made product.
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China called Australia a "running dog" during the Vietnam war.Did Canada take part in the attack on Iraq? In this latest faux pas Trump made the bullets and Morrison fired them.The story is that Australian politicians are incensed by US behaviour.The strong suspicion is that Trump used Morrison.
 
dutchie said:
Stop Buying Chinese Goods - I am, are you ?
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In many cases there's simply no choice, that's my primary concern.

Where there is a choice however, well why on earth would I want to eat vegetables from China when I can instead buy a comparable product grown, processed and packaged in Australia?

I do wish to emphasize however that my point is an economic and national security one not a racist one. There's no excuse for racism against ordinary people just because of concerns about a country's government or a desire to see your own country do well economically.
 
dutchie said:
View attachment 103617

Stop Buying Chinese Goods - I am, are you ?
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Yeah sure... that device you used to create that post - where's it made ?

dutchie said:
China just called Australia a dog.
Calling a person a dog is the ultimate Chinese insult.
Think about that next time you buy a Chinese made product.
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Correction: Chinese MEDIA just called Australia a dog...
Seen far more inflammatory comments on Australian media directed at other world leaders - especially from the right... Alan Jones etc:

Pays not to take the bait mate - you're playing right into their hands by giving them more airtime than they deserve.
 
China is playing a dumb game by calling out and punishing Australia with the rest of the world looking on.

Not a good look for them. We are expected to be drongo idiots.
 
moXJO said:
That's not the phone.

I don't base the build location of my car from the battery
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Well reluctantly or not, you do.

Because without the battery your car is well and truly "based"

So until another country steps up with its own semiconductor industry that can undercut cheap Chinese crap our chances of telling them to get nicked are zero.

Either that or the whole world ditches the idea of greed at all costs for their little toys.
 
Last edited:
@PZ99 has a point @moXJO :
Even if assembled in Vietnam mostly due to cheaper labour costs, nowadays, all components, the plastics and metal from the case, the battery, the charger will be made in china, your wifi router or components for your 4g connection will be made in china.
If China boycotts electronic exports, we have no smartphone working within 5y.
Which will be the least of our worries by then
Our dependency is abysmal
 
Australia is not alone in being insulted by China, so I wouldn't take it too hard. Countries all over Europe have called in Chinese ambassadors over "inappropriate" comments.

Maybe being insulted by China is a badge of honour.
 
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