Tim Horton
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Post by Tim Horton on Nov 26, 2020 13:00:07 GMT 10
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bug
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Post by bug on Nov 26, 2020 13:02:21 GMT 10
There's no quality issue with Australian coal. We sell the high quality stuff as export, not the brown crap which we burn here. I don't really care though. We need to move away from coal and if this accellerates that process then all the better.
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Post by Joey on Nov 26, 2020 13:42:32 GMT 10
China is just being a little pulling all these economic battles on us due to the long time that our government has tied us into having China as our biggest trading partner. They have done the same thing with barley, wheat, and a couple of other items and will also be looking at doing the same for iron ore soon. All because our government finally stood up to them and called them out over the corona thing as well as banning them from applying for the 5g network rollout here and knocking back a heap of big-ticket purchases that China was bidding on here.
Now China is just playing a sore loser and using us as an example to the rest of the world. It will only hurt us short term until our export companies can finalise deals with other countries to offload the stuff that was going to China. Any large scale companies that are still allowed to sell to china here should be getting ahead of the curve and finding other countries to deal with as this trade blockading won't go away any time soon.
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frostbite
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Post by frostbite on Nov 26, 2020 15:01:43 GMT 10
The Chinese are unhappy that we signed a defence pact with Japan, the nation that only 75 years ago made a national sport of bayonetting our nuns, nurses and POW's. Personally I'd love nothing better than to see China and Japan wipe each other out.
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norseman
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Post by norseman on Nov 26, 2020 15:26:11 GMT 10
The Chinese are unhappy that we signed a defence pact with Japan, the nation that only 75 years ago made a national sport of bayonetting our nuns, nurses and POW's. Personally I'd love nothing better than to see China and Japan wipe each other out. Shit if not! But I do love Sushi and definitely have an Asian Women fetish after Russian Girls!!
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frostbite
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Post by frostbite on Nov 26, 2020 15:33:32 GMT 10
The thai and viet girls are hotter than the japs and chinese. I miss the days my viet supermodel neighbour used to mow her lawn in thigh high boots and super short mini. She was 'showing' me her bedroom once, and she looked even hotter in tradional viet dress.
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Post by spinifex on Nov 26, 2020 17:14:44 GMT 10
There is another interesting angle to all this trade restriction.
Chinese investors have a LOT of ownership of Australian assets. Agricultural, mining, residential real-estate etc Not to mention the numbers of rich students that come here.
Trade war is also a tool to make future chinese investment in australia unattractive and to encourage existing investment to leave.
If they succeed, a big real-estate price drop is in our future. And I like the sound of that!
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Tim Horton
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Post by Tim Horton on Nov 27, 2020 2:54:08 GMT 10
This is a tool to make future chinese investment in australia unattractive and to encourage existing investment to leave.
If they succeed, a big real-estate price drop is in our future. And I like the sound of that!
+++ Tie this thought in with the thread about construction work, housing starts going "tank".... Is this part of an overall plan to "tank" an economy... Or am I overthinking this ??
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bug
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Post by bug on Nov 27, 2020 7:55:49 GMT 10
There is another interesting angle to all this trade restriction. Chinese investors have a LOT of ownership of Australian assets. Agricultural, mining, residential real-estate etc Not to mention the numbers of rich students that come here. Trade war is also a tool to make future chinese investment in australia unattractive and to encourage existing investment to leave. If they succeed, a big real-estate price drop is in our future. And I like the sound of that! The CCP really aren't thinking this one through. Countries are going to be a lot more careful about relying on the CCP for trade. The CCP voluntarily removing the strings which which they use their soft power? Yippeee! I mean, please don't do that Mr Ping! We are ever so scared of you and promise to be more obedient in future.
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bug
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Post by bug on Nov 27, 2020 7:56:49 GMT 10
This is a tool to make future chinese investment in australia unattractive and to encourage existing investment to leave. If they succeed, a big real-estate price drop is in our future. And I like the sound of that! +++ Tie this thought in with the thread about construction work, housing starts going "tank".... Is this part of an overall plan to "tank" an economy... Or am I overthinking this ?? Housing won't tank. The CCP is the reason so many wealthy Chinese come here in the first place. They want to put their money somewhere the CCP can't touch it.
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norseman
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Post by norseman on Nov 27, 2020 16:11:03 GMT 10
Sinofaarks now slamming our wine with 200 plus per cent duty on imports!
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bushdoc2
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Post by bushdoc2 on Nov 27, 2020 18:41:50 GMT 10
Most of the profits from the coal and iron ore goes to the overseas owners of the mining companies, anyway. Won't hurt our economy much. Just making an example of us for standing up to them.
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Post by spinifex on Nov 28, 2020 7:38:28 GMT 10
Sinofaarks now slamming our wine with 200 plus per cent duty on imports! I read somewhere that Chinese investors directly or indirectly own a 23% stake of our vineyards and wineries at the national scale. Including a direct ownership of 10% of Barossa Valley Vineyards. And if local prices drop a bit due to an oversupply created by reduced exports ... happy days for domestic consumers!
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bug
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Post by bug on Nov 29, 2020 10:50:27 GMT 10
Sinofaarks now slamming our wine with 200 plus per cent duty on imports! I read somewhere that Chinese investors directly or indirectly own a 23% stake of our vineyards and wineries at the national scale. Including a direct ownership of 10% of Barossa Valley Vineyards. And if local prices drop a bit due to an oversupply created by reduced exports ... happy days for domestic consumers! Many of the Yarra valley wineries have signage in Chinese. Wouldn't be surprised if the owners were chinese too.
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Post by Joey on Nov 29, 2020 11:26:58 GMT 10
Get ready for a glut of cheap wine hitting the local bottl-o here soon
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Beno
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Post by Beno on Nov 29, 2020 11:39:42 GMT 10
Get ready for a glut of cheap wine hitting the local bottl-o here soon Don’t count on it Joey. I’m still waiting for the glut of WA crayfish to hit my local fisho, alas no luck yet.☹️ Just heard Au gov is thinking of going to the WTO about barley tarrifs. This could get interesting as we seem to be the tip of the spear and willing to push back. The EU has been sedate but his might ratchet up the stakes a bit and get them off the couch.
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bug
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Post by bug on Nov 29, 2020 13:00:29 GMT 10
Get ready for a glut of cheap wine hitting the local bottl-o here soon Chateau Cardboard about to include Chateau Penfolds. Honestly, no sympathy at all for those who have been trying to profit off the CCP and have come unstuck as a result.
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bug
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Post by bug on Nov 29, 2020 13:01:16 GMT 10
Get ready for a glut of cheap wine hitting the local bottl-o here soon Don’t count on it Joey. I’m still waiting for the glut of WA crayfish to hit my local fisho, alas no luck yet.☹️ Just heard Au gov is thinking of going to the WTO about barley tarrifs. This could get interesting as we seem to be the tip of the spear and willing to push back. The EU has been sedate but his might ratchet up the stakes a bit and get them off the couch. The glut of sushi grade tuna has finally hit here. We've been eating it twice a week.
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fei
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Post by fei on Nov 29, 2020 13:03:51 GMT 10
Should get all countries whose products have been unfairly had tariffs imposed by China to go to the WTO. China entered the WTO around twenty years ago, and is still yet to meet most of the requirements made for entry, but on the other hand, will readily impose tariffs and complain to the WTO about countries who they are unhappy with. The supposed dumping of Australian wine in China for sale at below-cost price is complete BS. I bought a half dozen bottles of red and white in Aus for just under $30 total a few years back, then found a similar brand (ie. no-name from the same area) for close to $30 a bottle back in China. Of course there is shipping, import tax, retail markup etc to take into account, but there is no way those bottles were sold to China for less than they cost in Australia or less than production costs as the Chinese government now claims.
The reality is again that many of the people hurt by the new 200% import tax aren't the Australian brands, but rather the Chinese-owned companies both in China and Australia that source from them. My mate's wife has built up her import business over about five years, and was finally doing well this year. COVID caused problems with importing and logistics, but they were able to clear all their outstanding stock fairly quickly. They had just got one delivery a few weeks back when their logistics provider told them they had been warned that Australian wine would be banned. They've been diversifying to kiwi wines and foods, but one of their shipments is still at sea, now with no way of knowing when they will receive it or what happens to their payments etc if its impounded.
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Beno
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Post by Beno on Nov 29, 2020 13:05:17 GMT 10
Don’t count on it Joey. I’m still waiting for the glut of WA crayfish to hit my local fisho, alas no luck yet.☹️ Just heard Au gov is thinking of going to the WTO about barley tarrifs. This could get interesting as we seem to be the tip of the spear and willing to push back. The EU has been sedate but his might ratchet up the stakes a bit and get them off the couch. The glut of sushi grade tuna has finally hit here. We've been eating it twice a week. That sounds promising, how do the costs compare or is it that it is actually available now?
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