Incoherent Albo to hedge China trade

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Albo has spent 18 months undoing the trade diversification achieved by Aussie exporters during China’s diplomatic war on Australia. They had already shifted their China volumes to other parts of Asia:

Now, he wants to undo his own harm:

Australian businesses need to be more proactive in thinking about investing in Southeast Asia if they are to seize the opportunity of a growing middle class and a massive economic and energy transformation.

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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.