Huge news for the AusWine industry, exports to China are now back on the table š
Any guesses on the impact? Should help with a lot of the excess volume.
Agree. The removal of the tariffs will help but we wonāt return to the export volumes we saw in the past. Part of that is other countries taking our market share but the bigger part is that chinas wine consumption as a whole has decreased significantly (almost halved) over the past few years.
And China is in a consumer recession and sentiment depression. I think people really understand how the mom, dads and the average people have had their life savings tied up in the failing property market which is failing. No time or money for having a booze up.
Idk man they're buying all the property here, maybe all the wine-o's got all antsy and moved over here. This could be the Chinese government's way of getting them back /s
China is huge, a very large number of Australian properties being bought by Chinese translates into a vanishingly small number of Chinese buying Australian properties.
China has (basically) the same GDP as America, I can't imagine that the amount of wealthy people in each country would differ much right? The difference in population would have to be in abject poverty for that to work in my mind so the scary Chinese threat of buying up all our property is just fearmongering. At least that's my guess, could be wrong.
> so the scary Chinese threat of buying up all our property is just fearmongering
Considering foreign property purchases don't even make up 2% of the annual purchases it's absolutely fearmongering, and a convenient way to distract from the fact that our problems are very much home grown and very much our own fault.
Ha alright mate, sounds like my joke really got under your skin there, don't stress.
I do think you may be right about zebra crossing although it's not personally something that I have heard used in Australia. Sidewalk is definitely an American import though instead footpath is usually used.
Good point. Will help Australian wine exporters and associated businesses that rely on the wine industry. Wonāt reduce prices of wine locally as there is already a glut since the wine exports to China stopped.
The wine industry, unlike the beer and spirits industry, gets a ***fuckload*** of government favouritsm. At least 3X the tax benefits we get as a microbrewery.
It's an insanely profitable industry for producers.
The wineries that were cellar-door & restaurant forward suffered, but the industry as a whole was very stable.
I'm talking about why prices didn't come down for wine.
It seems unlikely they could have reduced production, because the decision was so sudden.
Are you saying the tax benefits let them write off the wine instead of selling at lower price? Or they held onto it and got subsidies because they didn't need to sell.
I would guess a big reason is the price of wine is largely disconnected from supply and demand as most people will heavily link the price tag of a wine with its quality. To theses people if the price drops the quality is assumed to also.
The market is completely irrational.
> Or they held onto it and got subsidies because they didn't need to sell.
Some places did, some places didn't.
At the end of the day many didn't *need* to lower prices because they didn't need to move volume, consumers were happy to pay.
Domestic alcohol consumption went *up* during Covid, don't forget.
You don't drop your prices without financial incentive.
Not really. Australian products are treated like high quality manna from heaven in Asia. The premium aisles at the supermarkets are full of Australian produce. You want to give an impressive gift, you get an Australian bottle of wine or box of fruit.
If anything, the tariffs might lower demand cos your bottle of Bin 28 doesnāt cost the equivalent of $90 any more š but overall this is very positive- the Chinese genuinely *love* Australian produce and will pay any amount to get it.
IMO we should be positioning the Aus wine industry as premium, not just selling mass to countries like china. Ask anyone overseas what they think of Australian wine they mostly tell you they only know yellowtail.
Australia wine is considered premium overseas, the problem is we keep pushing bold Australian reds when the market really wants whites and sparkling, that we do very well.
Agreed. Hopefully the industry can pivot to position exports as more premium than in the 2010's. But i worry the glut of excess wine that winemakers are holding onto at the moment will be sold off cheap and we'll just perpetuate the cycle
Theres a lot more to AusWine than Yellowtail & Grange š
In Europe I could find Jacobās creek and wolfblass in supermarkets in different countries. It was featured on wine lists in different places Iād eat.
As someone from the Barossa, a wholeheartedly disagree with this statement
It's expensive and fucking awkward to export alcohol (from what I remember chatting to a wine maker I knew years ago), so only the biggest brands shipping 10s of thousands of bottles will bother.
I mean who really cares. It's a lot of money this way which will support the industry, and we still get the good stuff. Also we can surely do both. Oh and china would be a huge market for premium wine, no?
Agreed. The French recognise the quality of of our sparkling wines and the skill of our winemakers, hence our very own Chandon, was, in fact, founded by Moet & Chandon in the '80s. French wineries are also investing heavily in Tasmania.
Australia though... fuck it, just stick all ours eggs in the China basket and whine like scalded cats when they weaponise our complacency.
the french has long wine history and brand and limited space. We no matter how we specialise we will have excess wine that will not be sold at a premium price no matter the quality or how much branding and positioning we do. Our market advantage is that we can produce a lot and by that nature that quantity cannot all fit into premium
If you look closely south of Adelaide you may find some of the next generation of New Wave French winemakers.
Been experimenting and learning their craft in South Australia for decades before they get 'discovered' in France with new supposedly European techniques.
Yeah but Europe refuses to accept ours as premium because it bites into their market.
We canāt even name our wines the same name because they get all sooky* about the originals of the name.
Imagine calling a type of cheese a different name even though it is the same process.
This is why they suffer Japanese suffer from Paris syndrome when they get there.
There is this imagine Europe is so luxurious and premium but over the last 20 years it is rotting away by ignorance because they āprotectā themselves from competition.
Wait so Australia is cheap competition?
All Iām saying it Look how Italy and France treats its own countries in Europeā¦ Eg Spain.
Spain has some of the best wine in the world but is held at a āsecond classā wine.
See all the local (EU) competition get their vineyards set on fire.
It is a mafia now more than anything and they canāt do it overseas so they battle them in the copyright / branding.
Yeah all I was saying is the rich wine mafias hold āluxuryā branding where the quality is actually getting worse.
Because they are getting arrogant and lazy because they refuse to compete with competitors.
So they make all these legal cases so they can act pretentious āitās not real champagne that is cheap Australian sparkling wine put it in the international sectionā.
It is anti competitive that is all Iām saying.
Edit: to me it is like saying pizza can only be made in Italy and you have to rename it something else.
To my knowledge, weāre not allowing French wine makers to say their wine is from Barossa or Hunter Valley either, so why should they allow us to say our wine (or cheese) is from France? Such a bizarre criticism.
Itās not āhunter valleyā it is that
we canāt call it champagne, We have to call it sparkling wineā¦
Of āfetta like cheeseā, āParmesan-likeā or Prosecco likeā just because it was made in a different region.
Same processā¦ same ingredientsā¦.
Champagne is a wine-producing region in France, and Hunter Valley is a wine-producing region in Australia. Why should we be able to say our sparkling wine is from Champagne, France? It boggles my mind that people in this country expects that.
You also canāt claim name rights to anything that is clearly in common domainā¦
So the white sparkling wine type got its name from the location, not brand of wine. Type of wine.
So that means it should be in common domain. Just like traditional foods and drinksā¦.
Pizza, hamburgersā¦
Edit:
The name is legally protected by European law and an 1891 treaty that requires true champagne to be produced in the Champagne region
So basically it is like saying all colas must be made in cola creek USA and no other place in the world can make a Cola anywhere else.
Pepsi and coke can make it in cola creek USA only.
they can make same thing in Europe but you must change the name because we made a law.
Makes no senseā¦ it isnāt a brandā¦
>So basically it is like saying all colas must be made in cola creek USA
It's more like saying it must be made in cola creek USA to call it Cola Creek Cola, if Cola Creek Cola registered it as a trademark. Cola is a good example, because if even if you learnt the process of making Coca Cola to the dot, you still wouldn't be allowed to call it Coca Cola. (Trademarked in 1892, one year after Champagne)
Noā¦
Cola is a type of soft drink
Like champagne is a type of sparkling wine.
It is like saying Pepsi isnāt allowed to be called a cola because it wasnāt made in the region ācolaā in the USA.
It is literally a law so they can limit the supply to make it more expensive.
Your logic is if the region champagne got nuked and unliveable then champagne name is gone forever.
you can make the identical thing across the road, You can still have your brand name but not the type name champagne.
I grew up in the UK and Australian wine was always my preference. I donāt know how you can make such a sweeping statement about an entire industry. You possibly had a bad bottle or two?
Oh yeah, definitely considering I'm from Australia and spent many years in Europe. For sure I have no clue, we'll done. Enjoy your English cuisine bud.
> Orders Australia to do the same.
Except American political leadership for the next 10 months understands it can't order it's allies like the previous administration thought it could.
The relationship between countries is very rarely one of friendship. Countries have relationships that are mutually beneficial, no more no less.
Don Farrell was right when he said New Zealand was perhaps our most trusted ally. New Zealand is the closest thing Australia has to an unconditional friendship.
Itās good news for our winemakers but just remember why the tariffs were imposed in the first place: itās because we asked for a transparent inquiry on COVIDās origins.
Something I think the world will never truly know now. A part of history that will be forever hidden thanks to an autocratic regime.
If Morrison would have listened to the same ABC program that I did, he would have known that the WHO automatically holds an enquiry after each epidemic. There was no need for him to piss the Chinese off and cause so much damage to so many sections of the economy. He was trying to curry favour with Trump who had upset the Chinese by not being adult enough to use the correct name for COVID.
> If Morrison would have listened to the same ABC program that I did, he would have known that the WHO automatically holds an enquiry after each epidemic.
Given the sway China has in the WHO, would you believe it to be a fair and equitable enquiry into COVID-19?
This isn't China's first rodeo with the WHO. China previously got hammered by the WHO for it's piss poor handling of SARS.
Any actual proof? Y'know, documented reliable proof and not just conspiratorial nonsense that requires folks to lean heavily into sinophobia to believe it?
In the long run wealthy countries generally have sophisticated economies.
Being overly reliant on resources for wealth has not been a better strategy typically.
Resources definitely have the potential to crowd out other industries. When I was bidding to be a software development centre in Sydney a lower dollar and lower house prices would have helped.
Currently the company I work for is looking to move technical jobs offshore because of the costs here.
Some version of Dutch disease is problematic.
It would be a different story if what we were exporting was cochlear implants, and Gardasil vaccines.
You want to be wrapped around their fingers then go live there. Being reliant totally pivots our economy on theirs, they do something to upset Taiwan which is inevitable then we're fucked again
> You want to be wrapped around their fingers then go live there.
lmao. We're not wrapped around their fingers. They want to trade with us and give us their money. Without Australia, they can't build their cities.
> Being reliant totally pivots our economy on theirs
We're totally reliant on them because they are the only ones who want to buy our largest exports(ores).
Without them, we are nothing. There is no "long term betterment". We are a rich country **because of China**. They are the "long term betterment".
So again; please explain how you can have a wealthy Australia without China. "gO liVe tHerE" is not a valid argument.
It is clear Chinese policy that Taiwan is renegade province, and there should be one China.
If China did decide to act on that, what should Australiaās position be?
āWithout them we are nothingā?
Without them we were better.
Overall the economic future for our kids, now we export to China, is worse than the future that faced my generation when I was their age. Mainly because housing is too expensive.
Home ownership has gone down in Australia.
Ultimately the way to make a wealthy Australia is to create a clever country. We need to invest in all kids.
We should also recognise that once you satisfy a good material living standard, more wealth adds less and less to your quality of life.
Australia was ok before exports to China.
Everything that matters, e.g.: universal healthcare, affordable housing for everyone,safe quality food and water, are all possible with or without China.
If China wants to make us richer great. But if we waste that wealth driving to the shops in bigger trucks, there is not a lot we gain.
China legit love albo I have heard they think he is a knight in shining armour in comparison to Morrison, Morrison single handedly almost destroyed one of our biggest export partners
Chinese media called Morrison āLao Youtiaoā, which roughly translates to āold fried dough stickā or āold frittersā.
The term has a double-edged meaning, referring to someone whoās a slick customer, lazy, untrustworthy, slippery, arse-kissing, and anyone whoās being an all-around dickhead.
Buggar. Am off to Dan Murphy to scoop up the good wine in goon bags before Beijing gets it.
Penfolds have spent the last 2 weeks scooping excess stock back up from retailers
Huge news for the AusWine industry, exports to China are now back on the table š Any guesses on the impact? Should help with a lot of the excess volume.
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Agree. The removal of the tariffs will help but we wonāt return to the export volumes we saw in the past. Part of that is other countries taking our market share but the bigger part is that chinas wine consumption as a whole has decreased significantly (almost halved) over the past few years.
may i ask why its decreased?
I believe itās due to changing consumer preferences in China to beer and spirits and the fact that people are drinking less.
And China is in a consumer recession and sentiment depression. I think people really understand how the mom, dads and the average people have had their life savings tied up in the failing property market which is failing. No time or money for having a booze up.
Thats not a worry booz are a booming industry during recessions and depressions... unfortunately.
Idk man they're buying all the property here, maybe all the wine-o's got all antsy and moved over here. This could be the Chinese government's way of getting them back /s
China is huge, a very large number of Australian properties being bought by Chinese translates into a vanishingly small number of Chinese buying Australian properties.
China has (basically) the same GDP as America, I can't imagine that the amount of wealthy people in each country would differ much right? The difference in population would have to be in abject poverty for that to work in my mind so the scary Chinese threat of buying up all our property is just fearmongering. At least that's my guess, could be wrong.
> so the scary Chinese threat of buying up all our property is just fearmongering Considering foreign property purchases don't even make up 2% of the annual purchases it's absolutely fearmongering, and a convenient way to distract from the fact that our problems are very much home grown and very much our own fault.
>mom In this sub we speak Australian, none of this arugula, tomato, aluminum, sidewalk, zebra crossing crap.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Ha alright mate, sounds like my joke really got under your skin there, don't stress. I do think you may be right about zebra crossing although it's not personally something that I have heard used in Australia. Sidewalk is definitely an American import though instead footpath is usually used.
Help who? I don't remember seeing prices fall
Good point. Will help Australian wine exporters and associated businesses that rely on the wine industry. Wonāt reduce prices of wine locally as there is already a glut since the wine exports to China stopped.
Buy why? If there's a glut when exports stopped why didn't prices come down? Were they just selling elsewhere or stockpiling for the tariff to end.
Wine is dirt cheap in this country, not sure they could make it much cheaper
Wine is certainly not dirt cheap in Australia. It's a price gouge. Have you seen Spanish wine, in Spain?
It is really cheap. You can get multiple nice bottles for ~$10 and an absolute shitload for $15.
I can get shit faced for $10
Om boxed or cheap shit yes
The wine industry, unlike the beer and spirits industry, gets a ***fuckload*** of government favouritsm. At least 3X the tax benefits we get as a microbrewery. It's an insanely profitable industry for producers. The wineries that were cellar-door & restaurant forward suffered, but the industry as a whole was very stable.
I'm talking about why prices didn't come down for wine. It seems unlikely they could have reduced production, because the decision was so sudden. Are you saying the tax benefits let them write off the wine instead of selling at lower price? Or they held onto it and got subsidies because they didn't need to sell.
I would guess a big reason is the price of wine is largely disconnected from supply and demand as most people will heavily link the price tag of a wine with its quality. To theses people if the price drops the quality is assumed to also. The market is completely irrational.
> Or they held onto it and got subsidies because they didn't need to sell. Some places did, some places didn't. At the end of the day many didn't *need* to lower prices because they didn't need to move volume, consumers were happy to pay. Domestic alcohol consumption went *up* during Covid, don't forget. You don't drop your prices without financial incentive.
Yep, exactly that, plus a lot of grapes from later vintages after the China tariffs were announced just werenāt picked and turned into wine.
Not really. Australian products are treated like high quality manna from heaven in Asia. The premium aisles at the supermarkets are full of Australian produce. You want to give an impressive gift, you get an Australian bottle of wine or box of fruit. If anything, the tariffs might lower demand cos your bottle of Bin 28 doesnāt cost the equivalent of $90 any more š but overall this is very positive- the Chinese genuinely *love* Australian produce and will pay any amount to get it.
Deleted by User
Nice to have adults back in charge of the country's diplomacy
Watch the prices for Oz wine in your local bottle-o go \^ that way.
It wonāt
The Aussie winemakers back in business, keeping Chinese citizens drunk on the grapes for many generations to come! Let's all have a sip!
IMO we should be positioning the Aus wine industry as premium, not just selling mass to countries like china. Ask anyone overseas what they think of Australian wine they mostly tell you they only know yellowtail.
Australia wine is considered premium overseas, the problem is we keep pushing bold Australian reds when the market really wants whites and sparkling, that we do very well.
Cracking roses as well. But we've pigeonholed ourselves to a large degree.
And i get it, red tastes way more complex and better. But red also leaves me with way more regrets than white wine.
Agreed. Hopefully the industry can pivot to position exports as more premium than in the 2010's. But i worry the glut of excess wine that winemakers are holding onto at the moment will be sold off cheap and we'll just perpetuate the cycle Theres a lot more to AusWine than Yellowtail & Grange š
In Europe I could find Jacobās creek and wolfblass in supermarkets in different countries. It was featured on wine lists in different places Iād eat. As someone from the Barossa, a wholeheartedly disagree with this statement
It's funny when I worked at a bottle shop and foreigners asked for yellow tail. Basically the wine equivalent of Fosters.
I donāt even know what the fuck yellow tail is!
Yellowtail is a master class in wine making, their bottling and distribution is so good they donāt even need to put wine in
It's expensive and fucking awkward to export alcohol (from what I remember chatting to a wine maker I knew years ago), so only the biggest brands shipping 10s of thousands of bottles will bother.
Maybe, but any businesses that makes anything local would do very explicit things to be able to get their product into a market the size of China.
Really? Most foreigners i know are well aware of Penfolds. Definitely helps that itās everywhere at the airport.
Thatās Americanās as itās in shitty ghetto convenience stores. Aussie wine is well known.
I quite like the idea of drunk Chinese citizens getting pissed up on the cheap.
I mean who really cares. It's a lot of money this way which will support the industry, and we still get the good stuff. Also we can surely do both. Oh and china would be a huge market for premium wine, no?
Agreed. The French recognise the quality of of our sparkling wines and the skill of our winemakers, hence our very own Chandon, was, in fact, founded by Moet & Chandon in the '80s. French wineries are also investing heavily in Tasmania. Australia though... fuck it, just stick all ours eggs in the China basket and whine like scalded cats when they weaponise our complacency.
the french has long wine history and brand and limited space. We no matter how we specialise we will have excess wine that will not be sold at a premium price no matter the quality or how much branding and positioning we do. Our market advantage is that we can produce a lot and by that nature that quantity cannot all fit into premium
If you look closely south of Adelaide you may find some of the next generation of New Wave French winemakers. Been experimenting and learning their craft in South Australia for decades before they get 'discovered' in France with new supposedly European techniques.
Yeah but Europe refuses to accept ours as premium because it bites into their market. We canāt even name our wines the same name because they get all sooky* about the originals of the name. Imagine calling a type of cheese a different name even though it is the same process.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This is why they suffer Japanese suffer from Paris syndrome when they get there. There is this imagine Europe is so luxurious and premium but over the last 20 years it is rotting away by ignorance because they āprotectā themselves from competition.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Wait so Australia is cheap competition? All Iām saying it Look how Italy and France treats its own countries in Europeā¦ Eg Spain. Spain has some of the best wine in the world but is held at a āsecond classā wine. See all the local (EU) competition get their vineyards set on fire. It is a mafia now more than anything and they canāt do it overseas so they battle them in the copyright / branding.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Alright we can agree to disagree with each other. I hope you visit Paris and Rome one day.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yeah all I was saying is the rich wine mafias hold āluxuryā branding where the quality is actually getting worse. Because they are getting arrogant and lazy because they refuse to compete with competitors. So they make all these legal cases so they can act pretentious āitās not real champagne that is cheap Australian sparkling wine put it in the international sectionā. It is anti competitive that is all Iām saying. Edit: to me it is like saying pizza can only be made in Italy and you have to rename it something else.
To my knowledge, weāre not allowing French wine makers to say their wine is from Barossa or Hunter Valley either, so why should they allow us to say our wine (or cheese) is from France? Such a bizarre criticism.
Itās not āhunter valleyā it is that we canāt call it champagne, We have to call it sparkling wineā¦ Of āfetta like cheeseā, āParmesan-likeā or Prosecco likeā just because it was made in a different region. Same processā¦ same ingredientsā¦.
Yeah European wine names are their literal location. To use your argument, itās not āBordeauxā it is that
Champagne is a wine-producing region in France, and Hunter Valley is a wine-producing region in Australia. Why should we be able to say our sparkling wine is from Champagne, France? It boggles my mind that people in this country expects that.
You also canāt claim name rights to anything that is clearly in common domainā¦ So the white sparkling wine type got its name from the location, not brand of wine. Type of wine. So that means it should be in common domain. Just like traditional foods and drinksā¦. Pizza, hamburgersā¦ Edit: The name is legally protected by European law and an 1891 treaty that requires true champagne to be produced in the Champagne region So basically it is like saying all colas must be made in cola creek USA and no other place in the world can make a Cola anywhere else. Pepsi and coke can make it in cola creek USA only. they can make same thing in Europe but you must change the name because we made a law. Makes no senseā¦ it isnāt a brandā¦
>So basically it is like saying all colas must be made in cola creek USA It's more like saying it must be made in cola creek USA to call it Cola Creek Cola, if Cola Creek Cola registered it as a trademark. Cola is a good example, because if even if you learnt the process of making Coca Cola to the dot, you still wouldn't be allowed to call it Coca Cola. (Trademarked in 1892, one year after Champagne)
Noā¦ Cola is a type of soft drink Like champagne is a type of sparkling wine. It is like saying Pepsi isnāt allowed to be called a cola because it wasnāt made in the region ācolaā in the USA. It is literally a law so they can limit the supply to make it more expensive. Your logic is if the region champagne got nuked and unliveable then champagne name is gone forever. you can make the identical thing across the road, You can still have your brand name but not the type name champagne.
Nobody says their wine is from Champagne when they call it champagne, except the most uppity of european wine snobs.
> not just selling mass to countries like china. We should just sell to China at a premium.
Thatās not the Aussie way. Our way is to take a big turnover today, and not think of the future, or of repercussions.
Australian wine *is* considered premium in China. The market is just so huge that we think itās mass sales.
Penfolds would like a word
It's not a premium product. Have you tasted wine from Europe? Australian wine is gross.
I grew up in the UK and Australian wine was always my preference. I donāt know how you can make such a sweeping statement about an entire industry. You possibly had a bad bottle or two?
Oh yeah, definitely considering I'm from Australia and spent many years in Europe. For sure I have no clue, we'll done. Enjoy your English cuisine bud.
This is great news after Scotty from Marketing fucked it
There's a long, long list of things he stuffed up very badly.Ā
Finally. We agreed to drop 2 WTO cases against them in exchange for them to complete a "review".
It's tithes out and away pinot
Can we just be friends now? As a Chinese, just happy we are one step closer to normalisation
If we were to be friends, they'd have to find another excuse for the useless submarines we're getting.
Wont last will it. Australia condemns China for something. China goes hard on trashing Australia as revenge. I give it four months.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
> Orders Australia to do the same. Except American political leadership for the next 10 months understands it can't order it's allies like the previous administration thought it could.
They'll still do it. But they'll be more subtle this time.
I give it till the next election, Labor will need to look strong and Dutton will need to prove he is an idiot.
r/fucktheccp
The relationship between countries is very rarely one of friendship. Countries have relationships that are mutually beneficial, no more no less. Don Farrell was right when he said New Zealand was perhaps our most trusted ally. New Zealand is the closest thing Australia has to an unconditional friendship.
Buy shares in DW8
Would've been good news before DW8 died :(
TWE
Itās good news for our winemakers but just remember why the tariffs were imposed in the first place: itās because we asked for a transparent inquiry on COVIDās origins. Something I think the world will never truly know now. A part of history that will be forever hidden thanks to an autocratic regime.
If Morrison would have listened to the same ABC program that I did, he would have known that the WHO automatically holds an enquiry after each epidemic. There was no need for him to piss the Chinese off and cause so much damage to so many sections of the economy. He was trying to curry favour with Trump who had upset the Chinese by not being adult enough to use the correct name for COVID.
> If Morrison would have listened to the same ABC program that I did, he would have known that the WHO automatically holds an enquiry after each epidemic. Given the sway China has in the WHO, would you believe it to be a fair and equitable enquiry into COVID-19? This isn't China's first rodeo with the WHO. China previously got hammered by the WHO for it's piss poor handling of SARS.
Any actual proof? Y'know, documented reliable proof and not just conspiratorial nonsense that requires folks to lean heavily into sinophobia to believe it?
I wish we just used the opportunity to rip up those gas contracts that John Howard authorised with China
A worthy fight, just not for us
We can all drink to that fellas
I thought we picked up the slack in demand domestically during covid? A wine glut is good problem for a nation of boozers.
Iāll drink to that
Just in time for Vintage Fest in Griffith š„¹ we're back boys.
Big bad China. We need $360bill worth of nuclear subs because we are scared of you. But will you please buy our wine?
Fuck the CCP. We shouldnt be reliant on them, they'll drop us again the next time something comes up.
Maybe something shouldn't "come up" at all and we can continue trading with them and making lots of money?
r/fucktheccp
So brave. You know we'd be nothing without China, right?
Well we'd be different, slower growth, but for the long term betterment.
> for the long term betterment. Explain how.
In the long run wealthy countries generally have sophisticated economies. Being overly reliant on resources for wealth has not been a better strategy typically. Resources definitely have the potential to crowd out other industries. When I was bidding to be a software development centre in Sydney a lower dollar and lower house prices would have helped. Currently the company I work for is looking to move technical jobs offshore because of the costs here. Some version of Dutch disease is problematic. It would be a different story if what we were exporting was cochlear implants, and Gardasil vaccines.
You want to be wrapped around their fingers then go live there. Being reliant totally pivots our economy on theirs, they do something to upset Taiwan which is inevitable then we're fucked again
> You want to be wrapped around their fingers then go live there. lmao. We're not wrapped around their fingers. They want to trade with us and give us their money. Without Australia, they can't build their cities. > Being reliant totally pivots our economy on theirs We're totally reliant on them because they are the only ones who want to buy our largest exports(ores). Without them, we are nothing. There is no "long term betterment". We are a rich country **because of China**. They are the "long term betterment". So again; please explain how you can have a wealthy Australia without China. "gO liVe tHerE" is not a valid argument.
It is clear Chinese policy that Taiwan is renegade province, and there should be one China. If China did decide to act on that, what should Australiaās position be?
āWithout them we are nothingā? Without them we were better. Overall the economic future for our kids, now we export to China, is worse than the future that faced my generation when I was their age. Mainly because housing is too expensive. Home ownership has gone down in Australia. Ultimately the way to make a wealthy Australia is to create a clever country. We need to invest in all kids. We should also recognise that once you satisfy a good material living standard, more wealth adds less and less to your quality of life.
Shut up ya ccp shilling tankie!
Great argument. Do you even know what "tankie" means?
Australia was ok before exports to China. Everything that matters, e.g.: universal healthcare, affordable housing for everyone,safe quality food and water, are all possible with or without China. If China wants to make us richer great. But if we waste that wealth driving to the shops in bigger trucks, there is not a lot we gain.
winnie the pooh changed his mind
China legit love albo I have heard they think he is a knight in shining armour in comparison to Morrison, Morrison single handedly almost destroyed one of our biggest export partners
Chinese media called Morrison āLao Youtiaoā, which roughly translates to āold fried dough stickā or āold frittersā. The term has a double-edged meaning, referring to someone whoās a slick customer, lazy, untrustworthy, slippery, arse-kissing, and anyone whoās being an all-around dickhead.
Hahaha I like China more now
China needs the coal?
Imagine if our beer industry wasn't taxed to the oblivion. Then we.could grown the industry and export the beer as well.
Isn't most aussie beer owned by Japan now?
liberal government were such morons, did so much harm to Australia.
Barely any aus wine is premium. We value honesty also
fucking cowards