The Forum > General Discussion > How Bad Must China Get Before Australian Politicians Wake Up
How Bad Must China Get Before Australian Politicians Wake Up
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While the West is bumping along and trying to cope with China’s gift of the their virus, China is using the ‘distraction’ to indulge in business as usual by:-
Establishing two new outposts on reefs in waters claimed by the Philippines - in contravention of court rulings - as per the rest of its colonising of the South China Sea.
Working away to severe our U.S alliance.
Aggressively expanding with “debt-trap colonialism” in our region.
Buying its way past our security.
And there are all the abuses, persecutions and executions going on within China which should be enough to have any decent, democratic Western country avoiding them.
For those people more interested in the trade with China and think that it will be our eternal benefactor, think about these facts:-
Since the virus, 460,000 businesses have closed.
China has accrued a high level of debt over the past decade.
There is a structural slowdown. Growth down by 6%, lowest for 10 years.
Fiscal revenue down by 9.9% in Jan and Feb.
19% slump in VAT revenue.
Debt-financed stimulus spending 310% of GDP at end of 2019.
China now accounts for 60% of the US$72 trillion emerging market debt.
China’s exports are plunging.
Government is rescuing banks.
We must face the big lie soon.