China has already stolen a march on the US with regard to trade with Africa. Beijing does $200 bn a year in trade with the continent, while the US does only $100 bn. The next time an American firm is competing with a Chinese one for a contract and the offers are similar, you could well see a tilt away from the US on the basis of Trump’s filthy language.
By Sam Morgan | ( EURACTIV.com) | – – China eclipses Europe as 2020 solar power target is smashed. China …
Three months before the 2013 election, Stuart Robert organised a dinner in his Parliament House office with Tony Abbott and Chinese business mogul Li Ruipeng at the request of his donor mate, Paul Marks, so Mr Li could meet senior Liberals including shadow resources minister Ian Macfarlane. Also present at the gathering was the then president of the Liberal National Party, Bruce McIver, a party powerbroker who was later appointed as a director of Australia Post.That was the dinner where they were all gifted Rolex watches which they thought were “fake”.
The average sea level around China is at its highest level
By Juan Cole | (Informed Comment) | – – Donald Trump has said many foolish things, but his pledge to …
Hundreds of billions in new green investments.
United States President-elect Donald Trump’s pledge to dump or renegotiate the Trans-Pacific Partnership is a gift for the Chinese in their drive to control the world economy.
They come over here. They buy up all the farmland that we stole. And they don’t assimilate. I am, of course, referring to the impossibly clever Chinese. And we’ll get to the perennially screwed over First Australians in a minute. Reports out today cast some doubt on the never-ending xenophobia of Australians when it comesMore
Saying they no longer had the support of people in powerful places, the Chinese Government have announced that they will leave the South China Sea as early as next week.
“With Sam Dastyari no longer on the shadow front bench in the Australian parliament, we’d be nothing more than a toothless tiger,” a Chinese spokesperson explained today.
He said it would be too risky to go it alone. “Mr Dastyari had the ear of the leader of the Australian opposition for goodness sake. There’s no way we’d be able to sway global public opinion now”.
The departure will mean many of the man-made islands in the area will be left half-built, providing an opening for savvy resort owners or Immigration and Border Protection ministers.
Will China be the spark for the next World War?
Following the United Kingdom’s shock decision to leave the European Union
On any conventional reading, Australia’s economic development has gone backwards and is too reliant on shipping iron ore to China. This at a time when the Middle Kingdom’s debt bomb is set to detonate.
China is considering aggressive new curbs on coal consumption as it accelerates efforts to transform its economy and tackle climate change.
China will be helping out the Syrian government in the fight against Islamic State (IS, formerly ISIL/ISIS) by sending “military advisers,” media reports have claimed.
Tony Abbott has denied that China’s plan to launch a national carbon trading market shows he is out of step internationally on climate change, claiming his Direct Action policy is getting “more and more support” in Australia and abroad.
On Wednesday a Chinese government official said a national carbon market was likely to be launched by the middle of next year, along with an emissions cap for six sectors: power generation, metallurgical, nonferrous metal, building materials, chemicals and aviation.
“We hope to kick off the national market in summer of 2016, starting with a three-year trading phase before the market becomes fully functional in 2019,” said Jiang Zhaoli, a senior official within the National Development and Reform Commission’s climate change department.
But Abbott dismissed the suggestion that China’s actions showed the Coalition decision to dump Australia’s carbon pricing scheme in favour of his Direct Action plan ran against the tide of international efforts to reduce emissions.
“In fact, more and more countries are going down the direct action path,” the prime minister said in Melbourne on Friday. “Direct action has more and more support, here and abroad.
“Don’t underestimate what we are actually doing. By 2020 we will have reduced emissions by 12% on 2005 levels, on a per capita basis they are down 30% – this is amongst the world’s best outcomes.
“Sure, other countries talk about what they might do down the track, but we are actually delivering lower emissions for a better environment.”
Abbott was in suburban Melbourne to tour a woodfiller business he said had benefited from the repeal of Australia’s carbon price last year through lower power costs.
The Direct Action plan that replaced carbon pricing involves the distribution of voluntary grants to businesses that wish to lower their emissions. The government insists this policy will easily achieve Australia’s target of a 5% reduction on emissions by 2020, on 2000 levels, although several bodies have questioned this confidence.
China, by comparison, has launched seven regional carbon markets since 2013, with Qingdao, a city of 9 million people, planning to join the scheme. It’ i estimated the pilot carbon markets cover around a third of China’s overall emissions, although the lack of a unified national system has led to variations in each of the markets.
The plan to introduce a national scheme will unify these regional markets, subject to approval by Chinese state authorities. The national market would eclipse the EU’s emissions trading scheme, which is now the world’s largest.
In September China put its name to a list of 73 countries that signalled support for putting a price on carbon. This list includes Germany, France, Britain, South Africa and New Zealand. It also includes US states such as California and Massachusetts, as well as more than 1,000 businesses.
Australia, which was the first country in the world to repeal a carbon price, is now working out its position on emissions cuts beyond 2020. Crunch UN climate talks in Paris this year will set out a new global deal on lowering emissions, with the aim of avoiding more than 2C of warming compared with pre-industrial times.
Analysis conducted by the CSIRO and Bureau of Meteorology states that Australia could warm by up to 5.1C by 2100 unless action is taken to curb emissions. This level of warming would have major ramifications for agriculture, human health owing to increased heatwaves, and coastal infrastructure owing to rising sea levels and extreme weather events.
Commentary condemns western countries for arming anti-government movements fighting against Syrian government
Western countries are stoking extremism in the Middle East with their support for anti-government opposition movements, China’s top newspaper has said, repeating a call for non-interference in the region’s turmoil.
China has expressed concern about the rise of Islamic State (Isis) in countries such as Syria and Iraq, nervous about the effect the jihadi group could have on its far-west region of Xinjiang, where Beijing says it faces a threat from Islamist extremists.
But it has also condemned efforts by western countries to arm certain groups fighting against the Syrian government, and has shown no sign of wanting to join US efforts to use military force against Isis.
The People’s Daily, the official paper of China’s ruling Communist party, said moves by the west to support anti-government movements in the Middle East were having the opposite effect.
“The facts prove that by letting jihadists pass unchecked into Syria to join battle has caused the expansion of the extremist group Islamic State,” it said in a commentary.
“This is a classic case of how rearing a tiger will court calamity. The entry of major powers must avoid by all means adding to the chaos.”
The US needed to understand that the enemy of your enemy was still your enemy, the newspaper added.
The article was published under the pen name Zhong Sheng, meaning Voice of China, often used to give views on foreign policy.
But the international community could not just sit by and watch as Isis grew, the commentary said. It needed to play a constructive role and follow the rules of the UN charter. That meant respecting countries’ sovereignty, independence and territorial integrity.
A senior Liberal senator is warning a free trade deal with China could “turn into a disaster” for Australia if appropriate safeguards are not put in place.
In an exclusive interview with the ABC, Bill Heffernan raised the prospect of China cutting its tariffs, but then manipulating its currency to come out ahead.
“How do you really have a trade agreement with a country that won’t put their currency on the market? I mean we should learn from our free trade agreement with the US,” Senator Heffernan said.
“When we signed that agreement we were at 65 cents, when we enacted it the following February we were at 67 cents to the US.
“We did away with 5 per cent and 15 per cent tariffs and within a few years we found ourselves at a huge trade disadvantage because we had a 45 per cent currency tariff against us because we went parity with the US and above parity at one stage.”
The Government is hoping to seal a deal with Australia’s biggest trading partner when the Chinese president Xi Jinping visits Australia this weekend.
At the present time… it’s a non-market currency which makes it very difficult for us [to] manage good times, bad times, high interest rates, low interest ratesSenator Bill Heffernan
“Thanks to a lot of focus from Australia and from China over the last 12 months, I think it is very much on track for success in the next few days,” Prime Minister Tony Abbott told reporters in Beijing on Monday.
“Still a few things to finalise, but I think very much on track for success in the next few days.”
While welcoming a possible breakthrough, Mr Heffernan warned Australia could still be a loser because of China’s currency.
“At the present time… it’s a non-market currency which makes it very difficult for us [to] manage good times, bad times, high interest rates, low interest rates,” he said.
“In code, it really means we can’t win until the currency comes on the market.”
The Federal Agriculture Minister Barnaby Joyce rejected concerns from his Coalition colleague that China’s fixed currency will negate any benefits of a free trade deal.
Senator Joyce said Australia needs to step up its trade with China so national debt can be paid off.
“If we don’t do a deal with China, if we don’t trade with what is now our major trading trading partner, then our capacity to pay our bills and re-float our economy after the disastrous episode of the previous government, is going to be impinged,” he said.
“We have to make sure that our soft commodities – such as wheat, such as beef, such as cotton, such as wool – start flowing in a more formidable form.”
Government sources have told the ABC a deal is looking likely, but some key issues are still being negotiated.
Mr Abbott said the pact was not perfect and could be changed.
“We are trying to build a house,” he said.
“Let’s build the first storey and then in a year or two we can build the second storey and maybe even a third storey, but let’s get things done and I very much hope that we will be able to say that we have got things done within a few days.”
China’s dirty coal ban will lose us billions of dollars in sales. Why air pollution in China. Abbott has said there’s no point in pursuing RET’s as they will have no effect on the global environment China and other major polluters don’t do anything. Well China now has. Guess Abbott’s argument will need to change. We don’t need to do anything because the worlds biggest polluters are now doing it for us. Would you employ him as a sales person for your company? The country has.
What are we going to do with our dirty coal if it takes 2 years to ship to China instead of one we can’t put up it’s already dropped to cost out of the ground. We can sack the workers whose jobs Abbott was saving. We could close 50% of those mines we have subsidised at least Clive Palmer has a job and assetts like cars to sell unless the bank owns them.
What do financial advisers really mean when they say “We are all trying to sort out what is going on. the information is fairly fluid right now” Your money is going down the drain. We will have to find ways of using more coal here at home gut the RETs
Our coal producers say China is propping up their own mines due to their economic slow down it really has nothing to do with pollution. They can’t dare admit it’s long-term can they. Caught between a rock and a hard place , ‘lie’. Another sound bite coming from the Minerals Council is “there is no evidence that it will affect Australia”. How much spin and bullshit can you put on this. Palmer has “the Chinese are fucking liars they really want our coal. They want our coal. Please want my coal” this is like the captain of the Titanic telling his passengers and crew not to panic the hole in the hull is a good thing it’s letting the water out.
We have reserves of good coal which will continue to be in demand is another line. Does this mean mines we have already subsidised will close and we will be then asked to subsidise new ones. If I was a mining company I wouldn’t worry too much nothing needs to come out of the ground and the government cheques will keep coming it’s Corporate Welfare.
How many of these certificates will be signed Tony Abbott after his poll status has gone up
How original is Tony Abbott and his merry men on their recruitment drive?
” Why splash National Security action all over the media is Abbott hoping for a home grown event. We have government ministers lining up to tell us that Australia is ready to join the US in Iraq; a very broad statement that tells us nothing specific, but does succeed in mobilizing the minds of the ‘gung-ho’ brigade.”
It’s been year full of gaffes, embarrassment and a budget disaster the government needs a deflection to draw attention away from it’s failings and the rumblings in it’s ranks. What better than an illusion of a threat. How original how bright. Margret Thatcher always said if in crisis governments create a crisis to hide their crisis.
“A terror suspect has been arrested by a new anti-terror squad attempting to leave Melbourne Airport with at least one other person, and is suspected of going to fight in a conflict abroad.” David Irvine
“new Australian Customs and Border Protection counter-terrorism units were now operating in Sydney and Melbourne international airports.” Tony Abbott
“This government will do everything that is necessary to keep this country safe.” Tony Abbott
Abbott’s announcement came after ASIO Director General David Irvine’s assisting Abbott to draw our attention elsewhere. While the media lapped it up for a second nothing more has been said why? Abbott is sabre rattling a show for us but big brother US of A isn’t racing to action. But Bolt and the Murdoch Press are on board trying to lift this leaner telling us how well he operates on this international level. Are we to believe our Tony is a major adviser to the all big players?
” If the government wanted to be truly effective in its efforts to protect us from any terrorist threat, would it not be more prudent to do it without a megaphone? After all, that is what they are doing with border security.”
Why are they making such a noise about combating terrorism? Ram ping up a perceived threat, as has been happening recently, is nothing more than a pathetic attempt to win back votes. It achieves no other purpose, except to alert possible terrorists to be more vigilant and to be on their game.
Our pivot of the pacific draws our attention to the Ukraine and the Middle East. Abbott believes he has a winner; with National Security. Will anybody raise the fact that Abbott has just given up 40 years of goodwill created by the ABC within the Pacific Region to China because of his $230 mill cut to it’s budget. A cut promised not to be made. China’s news broadcaster Xinhua is in Fiji and this week has signed a contract to supply the regional news in English, French and Chinese to Vanuatu and it’s neighbours. That’s National Security that Tony Abbott or Andrew Bolt aren’t talking about.
Has Tony Abbott just done the same for Melanesia?