Tag Archives: Tony Abbott

How Big Iron’s mistake cost you billions

Michael Sainsbury As the iron ore price stopped plunging this week — it closed last night at US$47.60, up a measly 30 cents and only a couple of bucks off its 10-year low, and the simple rules of supply and demand dictate that it will slump again — a fresh roadblock has appeared in the way of Australian producers. The

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There’s only one agreement that matters at APEC — and it’s not with China

  Michael Sainsbury Australia is spruiking its forthcoming free trade agreement with China, but with China’s economy slowing, the FTA won’t make much difference. Trade Minister Andrew Robb, who along with Prime Minister Tony Abbott is in Beijing for the Asia-Pacific Economic Co-operation summit, was everywhere yesterday talking up the prospect of a free trade

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China’s political fox hunt calls for some shirt-front diplomacy

Michael Sainsbury Instead of quietly bowing to pressure from the Chinese Communist Party to help net fugitive Chinese officials, the Abbott government should be leveraging the opportunity to agitate for the release of Australians questionably imprisoned in China. The Abbott government continues to be in a quandary about how to deal with China. Last week,

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Chinese economy sneezes, Australian miners catch a bad cold

Michael Sainsbury China’s economy is slowing, and its housing market is in the toilet. While Treasury forecasts suggest everything is fine, underneath the surface the cracks are beginning to show. China’s economic growth in the third quarter was 7.3%  compared with the same time last year — its worst since 2009 — amid a continued downturn in the property

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Palmer’s China comments could scupper trade deal

Michael Sainsbury Crikey, www.crikey.com.au, 25 August, 2014 Clive Palmer’s anti-Chinese government comments last week — they are “bastards” and “mongrels” — could not have come at a worse time for Prime Minister Tony Abbott and Trade Minister Andrew Robb. Chinese President Xi Jinping is preparing to bring more than 400 people — the largest business and

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