What kind of economic damage will the Dastayari Affair do?

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Black Hole Malcolm continues the Bennelong assault, via the AFR:

Malcolm Turnbull has tried to blame Labor for an anti-Liberal backlash brewing among Bennelong’s Chinese-Australian community by claiming it was the Opposition which stirred the trouble.

With the byelection on Saturday and polls showing Liberal candidate John Alexander a nose ahead of Labor’s Kristina Keneally, the Coalition remains concerned about Bennelong’s sizeable Chinese-Australia community, which appears to be alarmed by the government’s anti-Chinese rhetoric of recent weeks.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.