Above is a very pointed video interview with Dr John Lee, associate professor at the Centre for International Security Studies, Sydney University, and a non-resident senior scholar at the Hudson Institute in Washington DC.
In the interview, Dr Lee outlines the fragility of the Chinese economy, and explains some of the downside risks for Australia in the event that the Chinese economy continues to slow.
Importantly, Dr Lee claims that Australia has not been listening to the endless speeches over the last few years by the Chinese Premier saying their economy was dangerously unbalanced, and believes that the Australian establishment has been indulging in “wishful thinking” about the underlying strength and sustainability of the Chinese economy.
Similar arguments were recently outlined by Dr Lee in an article published in Business Spectator, which should be required reading for all Australians.
Twitter: Leith van Onselen. Leith is the Chief Economist of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. Click for a free 21 day trial.
