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