Morrison warmongering to crush or rush iron ore?

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Recent Morrison Government warmongering took a breather yesterday after the CCP struck back by suspending the China-Australia Strategic Economic Dialogue. Frankly, the dialogue has been dead for four years anyway so this rather suggests that Beijing has run out of levers to pull.

Ahead, Australia will likely cancel Andrew Robb’s treasonous Darwin port deal as well. Bravo to that too. How will China respond?

The truth is, Chinese leverage over Australia was always exaggerated. As we’ve pointed out from the outset, commodities are fungible and if China doesn’t want ’em then somebody else will.

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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.