Chinese blow back for Dastayri Affair turns real

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The problem with hanging your competitive advantage upon corruption is that eventually it comes back to bite:

The nation’s top universities fear they are becoming collateral damage in the war of rhetoric with China after Beijing issued a blanket warning to current and potential students that Australia was an unsafe place.

The statement, written in Mandarin and published on the Chinese Embassy website and the Chinese Ministry of Education’s official “Study Abroad Alerts” website, has alarmed the university sector which believes it is a veiled threat of financial retaliation should the Turnbull government continue to take a hard line against Beijing.

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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.