Chinese Communist Party greets ScoMo with the slap

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Via the Communist Party of China foghorn:

The surprise victory of Australia’s Liberal National coalition on Saturday gives Prime Minister Scott Morrison’s Liberal Party a third term in government. But apart from delivering his campaign promises to the Australian people, of which he made few, Morrison may also need to recalibrate his country’s relations with China. Especially as his new government has to work out how to afford tax cuts and pay for a budget based on what are considered fanciful growth forecasts.

The relationship between China and Australia in the past few years has been one of mixed flavors. Although the fundamentals of China-Australia interaction remain strong, frictions and skirmishes keep popping up from time to time, casting shadows over bilateral ties.

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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.