China
has taken a great deal of criticism over its handling of the COVID-19 outbreak
in recent days as its friends rushed to its defence.
Inevitably,
these have included Australian captains of industry such as Kerry Stokes and
Andrew Forrest whose billion-dollar businesses are very much tied up with the
People’s Republic.
Stokes
even took out an advertisement in the Western
Australian newspaper (which he happens to own) quite baldly stating that if
the country continued to attack Beijing the consequences for the Australian
economy would be “catastrophic”.
In
other words, he was saying that Australia should give in to what is
straight-out blackmail by China.
Forrest
added his opinion by stating: “I don’t know if this virus started in China or
somewhere else and frankly, I don’t care.”
Both
industrialists can be given full marks for their honesty — the fact they put
economic gain over the consequences of a disease that has cost hundreds of
thousands of lives worldwide, and the need to do everything possible to prevent
it happening again.
In
this they are firmly in the camp of the likes of United States President Donald
Trump and Brazilian leader Jair Bolsonaro.
What
they are not being so honest about is their own roles in getting Australia into
a position where China’s economic clout can be used to bludgeon critics into
silence.
China
accounts for almost 29 per cent of Australia’s exports, more than twice that of
the second largest destination. Japan, while all other nations are in single
figures. How has this been allowed to happen?
There
are other countries in the world that need what Australia has. What about India
that receives a miserable 4.3 per cent of Australian exports? Admittedly
India’s economy is not nearly the size of China’s but until COVID-19 it was expanding
more rapidly, yet it has been virtually ignored.
What
about the thriving economies of South-East Asia: Malaysia, Singapore and
Vietnam? Of course their markets are way smaller, but together they receive
just 7.5 per cent of Australia’s exports. The Middle East? Only the United Arab
Emirates features in the top 10 at 1.3 per cent. South America? Nowhere.
Over
the years our exporters have treated these countries with disdain while growing
fat on the ever-expanding demands from Beijing. Their laziness and greed has
placed the country in the unenviable position of being little more than a
client State to the People’s Republic.
In
recent days there are signs that China is being more accommodating to global
calls for an accounting of the causes of COVID-19. The Australian Government’s
measured response in seeking some form international inquiry, while short on
detail, is at least preferable to some of the hysterical accusations emanating from
Washington. It deserves universal consideration if not support.
However,
the fact remains that the Chinese Government’s aggressive stance to Australia
has had its exporters jumping to attention. Beijing knows it is in a position
to push Canberra around. Its response indicates the current relationship is not
a healthy one.
There
are other neglected places in the world where Australia should be doing more business.
It will be harder work, and the results will be piecemeal, but it needs to happen.
Diversification
should be Australia’s watchword in a post-pandemic world.
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