The trade ties with a rogue country are like doing the business with a gang, the law charges the burglar and whoever buys the goods is the accomplice. China is the dictatorial regime, the economy based on socialism while the democratic country respects freedom. The different characters between China and democratic countries have become the comedy in the trade ties when water identifies as fire, the bad is good, black is white, hell and heaven mixed together. China applies bush law in trade and its people in the mainland, but the democratic countries respect justice.
The left parties and innocent politicians in Western have fallen into the trade trap, debt trap, and government trap of China communist regime as Australia becomes the victim of China ties, free trade agreement, actually, the Australian Labor Party (ALP) is keen to be comrade with China. Almost, ALP’s politicians put the political stance above the national interest and national security. The prominent pro-China’s politician is Senator Penny Wong who serves for China interest, she is the powerful politician in Labor Party. Senator Penny Wong did the interest for China and she continues to serve for China interest:
-The Australian Labor Party (Australian Leninist Party) ruled the government from 2007 to 2013, Prime Minister Kevin Rudd and Julia Gillard pointed Senator Penny Wong held the important portfolios as water minister, actually, she was a long term of finance minister. China communist made a huge profit from the obsolete technology NBN that cost the taxpayers $AUD 65 billion, the insulation scheme wasted $AUD 2.7 billion, the Pink Batts provided by China, and 4 people killed plus 100 houses were on fire.
-In 2012, the Reserve Bank of Australia and the People Bank of China signed the Currency Swap agreement were worth $AUD 40 billion or 200 billion Yuan, so when China currency plunged, Australia currency dropped. The Currency Swap agreement occurred when Penny Wong was finance minister.
-In the federal election campaign on May 19, 2019, Senator Penny Wong who is a leader of Labor in Senate, the Shadow Foreign Affairs Minister, she promised to permit Huawei operates 5G if Labor wins. Therefore, Huawei owned by the People’s Liberation Army, the cyber spy unit 61389 threatens the national security. Annually, the Coalition government spent a hundred million dollars to fight the cyber spy. Despite Australian Labor Party lost the election, opposition leader Bill Shorten stepped down but Penny Wong still leads the Labor in Senate, she also recruited and promoted Senator Kristina Keneally becomes deputy leader in Senate. The Australian people believe Senator Penny Wong controls the Labor Party, not Anthony Albanese.
Australia deeply involved the economy and finance with China from many decades, so China cornered Australia from economy and politics. Moreover, China sowed the espionage agents throughout the multiple levels of government. The political donation and corruption have led Australia falling into China’s orbit, China bought the politicians and Beijing would have the best policies.
The national security of Australia has been threatened while domestic security raises the grave concern. The record noted over past 8 years, Huawei sponsored at least 12 trips for federal politicians to China. They come from two main political parties Liberals and Labor.
-MP Bronwyn Bishop (Liberals): traveled from August 1-6, 2011 with business class flights to Singapore and China. She was Speaker in the House of Representatives.
-MP. Andrew Rob (Liberals) traveled to Hong Kong and China from December 13-19, 2012. Later, Mr. Andrew Rob became Trade Minister, he signed the Free Trade Agreement with China. After Mr. Andrew Rob left the politics, Chinese billionaire Huang Xiangmo referred Mr. Andrew Rob to China-owned company Landbridge Group and Mr. Andrew Rob controlled the strategic port in Darwin with an annual salary is $AUD 880,000.
-MP. Julie Bishop (Liberals) enjoyed the trip to China on January 4-9, 2012 and the accommodation paid by Huawei. Now she was Foreign Minister and helped Malcolm Turnbull made a coup in 2015. Now, Miss Julie Bishop has been pointed a Vice-Chancellor of Australian National University
-MP. Steve Ciobo (Liberals), Paul Fletcher, Alex Hawke, Alan Griffin, Harry Jenkins, Maria Vamvakinou were paid the trip plus accommodation to China by Huawei on March 3-8, 2013 (Now Steve Ciobo is the Trade Minister)
-MP. Steve Irons traveled on August 24-28, 2015 with Huawei paid and accommodation
-MP. Jim Chalmers and Stephen Jones are Labor flew to China, Huawei paid the trip plus accommodation on July 5-12, 2015. Now, Dr. Jim Chalmers is shadow Treasurer of opposition leader Anthony Albanese.
The war fights against the global economic terror come from China that wakes up the world and also making the shock of the countries involved with China. Australia is a victim of the trade ties and free trade agreement of China, therefore, the high profiles of government and top economists as Reserve Bank of Australia’s Governor Philip Lowe, Labor Senator Penny Wong dodges the responsibility to protect the wrong business with the largest communist country on planet” no-one wins from a trade war”. Indeed, China faces difficulties in the mainland and offshore market lost, the declination exposed on the devaluation of China currency when Yuan plunged, Australia dollar dropped, it is the consequence comes from the critical mistake or the comradeship of the left party (ALP) advocates to tie with China and distance the US.
Mr. Malcolm Turnbull was the Labor’s undercover activist climbed higher and dived deeper in Liberals Party. He was opposition leader and Communication Minister, Mr. Malcolm Turnbull colluded with senior MP Julie Bishop to make a coup in 215. Prime Minister Malcolm Turnbull has a daughter in law comes from a hardcore communist family in China. Primes Minister Malcolm vowed to stand with China. The Darwin Port leased to China company occurred under Malcolm Turnbull’s government, actually, Defense Minister Marise Payne bought a hundred drones made by China, now Madam Marise Payne holds Foreign Affairs Minister of Scott Morrison’s government.
Despite $USD of 300 billion remaining tariffs have not applied yet in China products but China devalued its currency as the weapon to retaliate after the retaliatory tariffs are vain. The desperate devaluation of China currency shaking the global stock market. Australia lost about $AUD 90 billion in two days, China did it, not the US fault and the left media and left parties always slam and shift the responsibility to President Donald Trump. China currency surpassed over the alert level is 1USD exchanges 7 Yuan (or Renminbi) that created the global stock market tumbled without warning. China continues to use the currency’s weapon to fight, so China intimidates the Yuan will lose more valuation, probably, China currency will surpass over 7.5 or 8 Yuan exchanges 1USD. So Australia and Europe must prepare to face the worst situation is coming.
The global stock market has been fallen into the panic state, actually, the countries have trade ties with China as Australia. Treasurer Josh Frydenberg called for” cool heads to prevail” between the US and China communist while MP Andrew Hastie is chair of the Parliament Joint Committee on Intelligence and Security alerts China rises as the rise of Nazi in Germany. Certainly, Treasurer Josh Frydenberg must find the solution to reduce the damages, actually, Australian dollar stumbled badly under 67 cents equals I USD, it hits the lowest record in ten years. The Reserve Bank of Australia intends to cut the interest, that proves the national economy being downed. Whatever, the war fights against the global economic terror as the warfighting of terrorist, so the US leads the world confronting the den of thieves, the hub of counterfeit and the center of a cheat.
The damages of Australian on economy and finance come from the critical mistake made by the innocent politicians, actually, the left parties expect China is a comrade and a good counterpart, now Australia pays the consequence. Actually, Labor Party pauperized the country by making a huge profit for China and also creating the debt trap for China. The Australian people knew Bob Hawke and Paul Keating created the debt was $AUD 96 billion. Therefore, the Coalition returned the government after Prime Minister John Howard won the federal election in 1996. During the period from 1996 to 2017, Coalition paid off the debt and also left the surplus was $AUD 42 billion. Unfortunately, since Labor won the election 2007, Prime Minister Kevin Rudd, Julia Gillard, Treasurer Wayne Swan, and Finance Minister Penny Wong spent them all and they started to borrow, nowadays, Australia faces the debt is up to a trillion dollars.
The economic war has damaged Australia economy, actually, the Australia currency dropped for every time the US impose the tariff. Moreover, China uses the Yuan currency as the weapon to fight back. The desperate solution aggravates the situation, China commits suicide when the currency devalued, so Australia currency couldn’t escape the loss of valuation./.
(thedawnmedia.com)