Two Asian Economies Show Rare Resilience to Global Crises
Apr 21 2021, 11:49 AM
April 21 2021, 4:56 AM
April 21 2021, 11:49 AM
(Bloomberg)
(Bloomberg)
South Korea and Australia are proving the odd couple of the global economy, managing to mitigate the impact of the Covid crisis due to deep links with Chinaâs growth and key advantages unique to themselves.
The duoâs connections arenât obvious given Korea is a manufacturing powerhouse with skilled labor as key strength and Australia extracts vast resource wealth from a continent it has to itself.
The common denominator is their exposure to China, which is the endpoint for more than 25% of Koreaâs exports and an extraordinary 43% of Australiaâs shipments.
South Korea and Australia: Two Asian economies show rare resilience to Covid-19 crisis
straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
Australia counts cost of misguided policies
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Chinese Investment in Australia Plummets Over 61 Percent
Chinese investment in Australia plummeted by more than 61 percent in 2020, according to new data from Australian National University (ANU). It follows the continual downward trend of Chinese investment in Australia since the 2015-16 financial year.
The university’s Chinese Investment in Australia (CHIIA) Database reported that the total investment in 2020 added up to just over AU$1 billion ($775 million), down from $2.6 billion in the previous year. It was also generated by only 20 deals.
The database has been operating since 2014 and pays particular attention to tracking investors back to their ultimate parent companies rather than focusing on the immediate origin of the investor.
Take fair measures, Australia told
archive.shine.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.shine.cn Daily Mail and Mail on Sunday newspapers.