Frydenberg launches anti-China election pitch

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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