Chanticleer
Australia’s China problem is bigger than we think
Look past the renewed pressure on iron ore prices. China needs radical surgery that its leaders appear reluctant to deliver. A prolonged period of pain looks likely.
Home owners protest in Shanghai over rumours of a new levy to maintain ageing properties. Volkswagen weighs the first factory closures in its history. OPEC pulls the handbrake on increases to oil production.
Three very different events from the past week. Three different parts of the world. And three more examples of why Australia has spent the week worrying about the wrong things.
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