CCP hacker sneaks editorial into AFR

How else to explain this propaganda:

…Rather than a cause for a renewed security panic, the dairy deals suggests how economic engagement, trade, and investment can permit Australia to have a strong but not subservient relationship relationship with China.

…The deeper the economic ties Australia has with China, the more secure it becomes from strategic bullying and economic coercion.

Rising incomes and expectations have thus fuelled demand for overseas commodities including Australian beef, wine, and dairy products. Ensuring the Chinese people can access safe and high-quality commodities such as Australian milk and milk powder is now an integral part of the Communist Party’s post-Tiananmen grand bargain of prosperity in exchange for continued obedience.

This explains why modern China’s peaceful rise has integrated it into the rules-based international trade system to secure access to global supply chains. This also explains the eagerness with which President Xi Jinping signed the free trade agreement with Australia in 2015: China’s market access to foreign resources and commodities is central to the maintenance of internal political stability.

Rather than creating unhealthy dependence, greater trade and investment with China helps to strengthen Australia’s hand in the relationship. Stronger economic links better position Australia to push back on genuine security issues such as foreign influence or the purchase of strategically important assets.

I’m joking of course but, really, how are those:

  • rising incomes (falling);
  • Chinese liberalisation (towards totalitarianism);
  • peaceful rise (China Sea militarisation);
  • rules based trade (rampant cheating);
  • strong hand and pushback (epic grovelling)…

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Houses and Holes

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.

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Comments

    • Meh, mortgages need to be paid, private school fees too.

      Do you know how much it costs to service a Mercedes ML63 these days? If a Chinaman bearing a well-stuffed suitcase happens to swing by, well …

  1. “The deeper the economic ties Australia has with China, the more secure it becomes from strategic bullying and economic coercion.”
    Up is down – black is white. Love is hate, peace is war… etc etc

  2. Business interests want us all to go back to sleep so they can continue making short terms profits selling us out.
    The criminals in the banks and big business need the noose.

  3. “…The deeper the economic ties Australia has with China, the more secure it becomes from strategic bullying and economic coercion.”

    Look, I’m no businessman, but my understanding is that it’s exactly the opposite.

  4. Michael Stutchbury has always known on which side his bread is buttered. The wealthiest 1% of this country would gladly sell us all out to further enrich themselves and their families. Just bear that in mind. Would sell you and your family into a life of Xi Jing Pig thought, if it enriched them and their own families.

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