Beijing angry at Labor loss

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Good news, via The Australian:

The election result will not improve Australia’s relations with Beijing, says editor-in-chief of ­nationalist tabloid The Global Times, Hu Xijin, as analysts speculate that China is trying to pressure a new Morrison government to shift its position on issues such as Huawei.

Since Australia banned Chinese company Huawei from supplying the country’s 5G network last year, restrictions have been placed on Australian coal entering China and Australian-Chinese writer Yang Hengjun, arrested in January, has been detained in ­solitary confinement as his health ­deteriorates.

An editorial in Mr Hu’s state-run newspaper said any Australian government had a “long way to go” to improve the bilateral relationship while he singled out the Huawei decision as the cause of the deterioration.

“(The) Australian election result will continue (the) current poor relations (with) China,” Mr Hu tweeted.

“Canberra took the lead among Western countries to boycott ­Huawei, plus a series of anti-China decisions, making (China) believe Australia is the most radical Western country in helping the US suppress China.”

And we should continue to do so. Quexit can’t be ignored.

Fantastically, Shorten’s apocalyptic Chinese parental visa bribe didn’t work, either, with the LNP looking likely to win all three “Chinese” electorates of Chisolm, Banks and Reid, two of them with swings to the LNP.

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Perhaps Aussie politician’s assumption that the Chinese disapora and the Communist Party of China walk in lock-step needs to be questioned.

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.