Good news: Chinese millennials turn off Australia

Advertisement

Via the AFR:

For Australian entrepreneur Andrea Myles, Prime Minister Malcolm Turnbull dropped what she refers to as his “Mandarin bomb” at exactly the wrong time.

It was December last year, around the time Myles was recruiting participants for the third “China Australia Millennial Project”, which puts young Australian and Chinese entrepreneurs in a room together…”After three years, we expected this to be the easiest but we had to recruit far more Chinese participants who were already in Australia,” she says.

“I would be very surprised if quoting Chairman Mao back to Chinese people in Mandarin didn’t have an impact.”

What should the PM have said? Help yourself to the Aussie democracy in Swahili?

It’s not personal. But since the Chinese Communist Party has undertaken to corrupt Australian democratic process it’s appropriate for our PM to push back firmly.

Advertisement

Moreover, a few less Chinese (and other millennials) will help property prices deflate and wages get off the canvass.

You know, for Strayan millennials.

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.