Labor’s China grovelling intensifies

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Former Labor minister, Craig Emerson, often makes good sense. But not over the weekend. Deary me, no:

China’s statement following the first meeting between foreign ministers Penny Wong and Wang Yi has been denounced as “China’s four demands”. One such “demand” is that the two countries seek common ground. Oh, the effrontery!

The other three speak of Australia regarding China as a partner rather than a rival, of positive and pragmatic social foundations, and of avoiding being controlled by any third party.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.