Frydenberg launches anti-China election pitch

Monday, 6 September 2021

Treasurer Josh Frydenberg in a speech today at the ANU Crawford Leadership Forum:

During the Cold War, the Soviet Union was largely cut off from the rest of the world. It did not trade or invest much outside of its sphere of influence.

Contrast this to the present day. The IMF estimates that China’s share of global GDP will increase to 18.8 per cent in 2021, up from just 7.7 per cent in 2001.

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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.