A worker passes a pile of iron ore from Australia at a port in Tianjin municipality, China. Photo: Reuters A worker passes a pile of iron ore from Australia at a port in Tianjin municipality, China. Photo: Reuters
A worker passes a pile of iron ore from Australia at a port in Tianjin municipality, China. Photo: Reuters
Neil Newman
Opinion

Opinion

Abacus by Neil Newman

Evergrande, Sinic, Fantasia: a tidal wave of Chinese debt is about to sink Australia’s economic recovery

  • Seemingly impervious to recessions for decades, cracks started to appear in the Australian economy in 2020 and now it is staring into a deep crevasse
  • The strategy of digging dirt and selling it to the Chinese to keep the plates spinning needs to be rethought, as the demand from its biggest customer rapidly disappears

A worker passes a pile of iron ore from Australia at a port in Tianjin municipality, China. Photo: Reuters A worker passes a pile of iron ore from Australia at a port in Tianjin municipality, China. Photo: Reuters
A worker passes a pile of iron ore from Australia at a port in Tianjin municipality, China. Photo: Reuters
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