The Forum > General Discussion > Federal government and China
Federal government and China
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Posted by palimpsest, Monday, 30 March 2009 7:34:27 PM
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Belly, never mind any China trips, they simply don't matter.
What really matters is how the Govt will decide on the Chinalco- Rio deal. Robert Gottliebson read and analysed the 600 pages of the contract: http://www.businessspectator.com.au/bs.nsf/Article/Tue-$pd20090313-Q3QXH?OpenDocument What it comes down to is that the Chinese are great chess players and want cheaper resources. Chinalco is owned by the Chinese Govt. If that deal goes through as agreed so far, the Chinese will largely control the price of Australian iron ore and Australians will have been done like a dinner on the spit! We'll see if Wayne Swan is gullible and stupid enough to accept it, or to see the clear Chinese grab here, much to Australia's loss. Posted by Yabby, Monday, 30 March 2009 10:30:39 PM
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Well yabby I too feel very much like you on the sale issue.
But we may both be wrong. Did we stand in the way of Japan owning so much? Or the Arab states? America? even England and Holland own much of our country, why are we supper sensitive about China? The opposition Foxy is sliding back wards into a huge hole of their own making. Palimpsest grabs this story with both hands, it however is not about two trips, it is about both a beat up story from an opposition without direction. And an expression of real concern held by many on all sides of politics about Chinas long term plans. If travel for the last 20 years was tabled we all would be concerned, fact is this government and the last get such gifts very often. Foxy while this is fishing in a very dry pond, there are things that need looking into. It is common business practice to get free travel in the hope of favors being returned. Any over protection of the party you follow can lead to stagnation and a loss of direction, just look at the humbling of the opposition, if 74% think Rudd is better 30% are Liberal voters. Posted by Belly, Tuesday, 31 March 2009 4:46:04 AM
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Dear Belly, you asked the question, "Did we stand in the way of Japan owning so much? Or the Arab states? America? even England and Holland own much of our country, why are we supper sensitive about China?"
The difference between China and the other nations you mention is that China is both the company in question and the State. The other countries you mention might have companies based there but not owned by the State. You said to Foxy, "It is common business practice to get free travel in the hope of favors being returned." This simply not true, any such activity ceased in the private sector with the introduction of the "Fringe Benefits Tax". So why are politicians exempt? This is not a matter of Liberal or labor, it applies to all politicians. Posted by spindoc, Tuesday, 31 March 2009 9:09:51 AM
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The rhetoric of the Labour parties concern for human rights is unmasked in this hypocrisy. They have shown to be a party to put popularity even above their own warped principles. Unfortunately I doubt Mr Turnbull is any different. The sooner the Liberal party wake up to this the better.
Posted by runner, Tuesday, 31 March 2009 10:21:07 AM
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*Did we stand in the way of Japan owning so much?*
Well this is quite different, as its the Chinese Govt investing, not some company. The Chinese Govt wants cheap resources and lots of them. At the moment, due to the banking crisis, they can pick up prime assets dirt cheap. Australia got done like a dinner, when then Japanese were able to buy iron ore for a song, for years, as the market was kind of rigged. Finally we get some competition in the market, ie China, now it looks like we will get done like a dinner once again, by smarter negotiators. The losers will be all Australians, as less royalties will be paid on resources, less company taxes, etc. Less money for roads, less money for pensioners etc. Kind of sad really, but we'll see if Swan is awake or not, as Gottliebson's findings have been widely published. Posted by Yabby, Tuesday, 31 March 2009 1:44:33 PM
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Along with Rudd keeping secret his meeting with the Chinese Propaganda Minister from Oz media while allowing the Chinese 'free' press to cover the visit, it's the govt. who have made a rod for their own backs here. Just clumsy.
Rather than the 60 days grace given MP's to report their junkets, I'd like to see mandatory disclosure of paid-for visits before they flew out. Might make a few of them think twice about going.