Albo kisses Beijing’s ring

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Albo is crawling to Beijing today, intent on celebrating 50 years of Labor grovelling and brown paper bags.

Barring COVID distortions, he has undone nearly all of Australia’s hard work in diversifying trade:

The fix is in:

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Anthony Albanese is expected to take a hard line on trade when he visits China next week, including declining an anticipated request from Beijing that Australia support its entry into the regional free trade agreement, the CPTPP.

Mr Albanese’s trip, the first to China by an Australian Prime Minister since 2016, and which comes 50 years after Labor prime minister Gough Whitlam kick-started diplomatic ties, will represent the culmination of 18 months of efforts by both sides to stabilise the relationship.

You’ve got to love the rhetoric about a “hard-line”. Albo has done nothing but grovel to Beijing. We should be grateful to Washington for preventing a collapsing on the CPTPP as well.

Albo would sell his mother to China if he could.

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.