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Why China Will Shut Down The Australian Economy In 2023

For the past decade, China has been growing rapidly. Rapid urbanization and industrialization mean that China is in need of minerals and raw materials. And China’s development thirst has been fulfilled by Australia. Beijing is Australia’s largest trading partner, accounting for nearly one-third of Australia’s exports and one-fifth of Australia’s imports.
In 2019, China accounted for 82 percent of Australia’s iron ore exports. And guess what? Australian coal is home to China’s thermal power stations. But this economic bond is more complex than you think.
Australia is also a leading supplier of liquified natural gas to China. This year, the LNG exports are somewhere between 18-19 billion Australian dollars. And if you think this is just it. You are mistaken.
China has also become the engine of Australia’s services sector. Universities in Canberra, Melbourne, and Sydney are home to significant enrollments from Chinese students. As of June 2019, there are around 164,317 Chinese students completing their education on Aussie turf.
Australia might be on its knees And if the Chinese economy does not stabilize in the next few months, we are afraid it would be an economic winter in Melbourne, Canberra, and the entire of Australia.
Inflation is galloping and the unemployment rate is rising in China.
At first glance, you might argue that once things get right, Australia would be back to business. Some could also argue that this is short-term. And once Omicron is controlled, Chinese students and tourists would resume their pre-Covid spending habits.
But things might never go back to the normal. Especially when it comes to trade between China and Australia. The reason lies in China’s property market crash.
For the last 3 decades, the property sector has been the main fuel for the Chinese economy.
Despite the current geopolitical environment, a sudden decoupling from China would be a big mistake since it accounts for almost 40 percent of Australia’s exports. However, it would be wise for Australia to pursue a policy of trade diversion and look for alternative buyers.
For example, when China refused to buy Australian coal in 2020, it went to Indonesian markets. This created demand gaps in India, Japan, and South Korea, which was fulfilled by Australian coal. See, Australia needs to be smart.
Dark times await. The clouds of harsh economic winters will remain for a while.

For more info, find us on: https://www.epiceconomist.com/

Written by Epic Economist

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  1. Nonsense, Australia's economy is going nowhere. China is a large market but already Australia has diversified its market and continues to.

    Trade with Indonesia increased 8% in 2022, and exports to Japan went up 4-fold. Trade with Vietnam went up 37% and trade to Malaysia doubled. India is becoming a much bigger market too. This is a continuing trend and Australians are very canny at diversifying their markets, they just haven't HAD to for the last 20 years. Relations with China are thawing a bit anyway, they might improve, might not… doesn't matter, they are still buying from Australia anyway. An example is China shutting down coal exports, so Australia sells it to India instead.. who then mark it up and sell it on to China.
    Every time one door closes, another opens. The mining sector is incredibly robust and flexible, if Iron Ore and Coal drop off then mining companies will just move to Rare Earths, Gold, Diamonds, Uranium, Nickle, Lithium, bauxite and every other resource the world is hungry for. The war in Ukraine has sent Australia's wheat bumper harvest and LPG exports to new high prices. As long as there is a need for minerals and resources, Australia will always top the list of countries people want to buy from because it is reliable, not war-torn or endemically corrupt, and the Aussie Dollar is considered a very safe trading commodity, in fact its the 5th most traded currency in the world.

    Australia is absolutely fine, don't you worry..

  2. what bull shit Virus came from USA , ,Australia going to better than USA 2023 as Australia New ALP gov want work with China not try control the world making other pay using USA FED reserve intersted rates favoring and USA corperations

  3. Its alright that australia sink to the bottom of the sea….its a evil regime founded on genocide blood It promotes global terrorism N is a state sponsor of terrorism n is a terrorist state by itself Also a terrorist organization that practices genocide

  4. If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

  5. Another example in which decision-making of the few rich is causing devastating effects on the multitude of the poor to the point that the low-income workers at the bottom can't afford the bear necessities in China and in Australia. Those at the top are wasting money extravagantly without care. It's disgusting! 😱😱

  6. As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.

  7. Stop spreading the misinformation of mainstream media!
    The "virus" was never purified and isolated in a laboratory environment. It was also said to be "asymptomatic", which means it failed Dr. Robert Koch's Four Postulates, and is therefore not a real threat to anyone. The PCR test can produce a false positive simply by turning up the cycle thresh hold. COVID-19 WAS A MASSIVE PSYCHOLOGICAL OPERATION! People have always gotten sick, but the media used fear to make sheeple think that some new disease was killing millions of people. Reality is that 40 million people died in 2019. Death is NORMAL!
    The Covid-19 psy-op was done to the economies of the world, so that the Bank of International Settlements could eventually usher in their Central Bank Digital Currencies. Watch the media continue to sell fear and warn of the "next Pandemic". Think about it. If Pandemics are naturally occurring, how can people predict that more are coming? Many people were not affected by "Covid", but ALL people have had their financial system affected in some negative way!

  8. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. i need to know how to go about it

  9. Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $9,000 investment every 21days.

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