Today, Acting Director of the Australia-China Relations Institute (ACRI) – James Laurenceson – warned that Australia’s economic reliance on China is increasing from already extreme levels:
The May export figures paint a stark picture of just how reliant Australia’s economy is on the Chinese boom.
The money involved means if the Asian nation were ever to cut off an industry or two – as it has done to other countries at times – it could severely damage Australia’s economy and wipe out the predicted federal budget surplus.
