Chinanews, May 17th. Since 2020, Australia has followed in the footsteps of the United States on a number of anti-China issues, which has directly led to a chill in China-Australia economic and trade relations.
Recently, Australian Treasury Minister Freidenberg announced the country’s government budget for the 2021-2022 fiscal year, but did not mention China.
The Australian Broadcasting Corporation wrote a "soul torture": How can economic growth be achieved without even mentioning China in the budget speech?
Image source: Screenshot of ABC website report
The article started by pointing out that Australia's future does not depend on the West.
The article cited data from the International Monetary Fund as saying that by 2024, the total economic output of China, India, Indonesia, Russia and Brazil will account for more than half of the global economic growth.
One of the best, China, has surpassed the United States as the "biggest engine" of the global economy.
Later, the article changed the subject and pointed out that in Freudenberg's speech, China was not mentioned, which is unbelievable.
The article believes that China is an indispensable country.
At present, China is Australia's largest trading partner, and said that "our future depends on her (China)".
The article analyzes that trade volume is very important to Australia, accounting for 45% of its gross domestic product (GDP), and 1 out of every 5 jobs is related to trade.
Data map: Melbourne, Australia.
The article pointed out that Australia is currently at a crossroads in a historic turning point, but "our political leaders have serious problems in how to deal with this historic turning point."
The article believes that Fredenberg verbally said that the new budget is about stimulus, spending and job creation, but "when our political leaders cannot talk to Beijing", how does Australia intend to achieve this goal?
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In addition, the article also analyzed the world situation. It pointed out that this is not the time when the Cold War just ended in 1992. The United States is no longer the only or dominant force in the world.
The article stated that the West has been hit by multiple issues such as war, growing inequality, terrorism, economic recession, and the rise of political populism. The so-called "leader of the free world"-the United States, is actually an "endless crisis" Destroyed country".
The article further pointed out that, on the contrary, China is actively implementing the "Belt and Road" initiative, which is one of the largest infrastructure investment projects in history.
The article also cited a report by PricewaterhouseCoopers that today's developing market will become tomorrow's economic superpower.
The article concluded that the world is changing, but Australia does not really understand this new world, let alone how to deal with it.