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Australia s goods trade surplus hits two-year lows on China trade tensions

Australia s goods trade surplus hits two-year lows on China trade tensions Reuters 23/12/2020 © Reuters/DANIEL MUNOZ Containers are piled up at Port Botany facilities in Sydney SYDNEY (Reuters) - Australia s trade surplus for goods fell to a two-year low in November hit by a slump in exports to top trading partner China, which imposed a number of restrictions in an escalating trade dispute. Preliminary data from the Australian Bureau of Statistics (ABS) on Wednesday showed goods trade surplus slipped to A$1.9 billion ($1.43 billion) in November from A$4.7 billion in October. This is the first time since November 2018 that the goods trade surplus has dropped below the A$2 billion mark.

Australia s goods trade surplus hits 2-year low amid China trade dispute

Australia s goods trade surplus hits 2-year low amid China trade dispute
freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.

Stop believing in fairy tales: Australia s coal industry doesn t employ many people or pay its fair share of tax | Fossil fuels

While it’s impolite to mention ABS data when talking about the fossil fuel industry, the heresy isn’t in quoting the facts, but providing the context. Try saying on radio that coal mining employs less than 1% of the population or that McDonalds employs more people. If you really want to invite the wrath of the “sensible centre” just point out that the health and social services sector employs more than 10 times as many people as the combined fossil fuel industries. Anyone providing such simple, truthful context to the Australian public is accused of hating working people, ignoring regional Australia, not understanding that fossil fuel exports somehow “fund” our way of life or – bizarrely, when coming from people with no training in economics – not understanding how the economy works. All of this messenger shooting is, of course, complete bullshit. But in a democracy, power is the ability to talk BS and get away with it. And no industry wields

10 pictures that reveal what Australia s recession looked like

10 pictures that reveal what Australia s recession looked like
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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