Author: Battle Flash
According to the Global Network, at a time when the situation between Russia and Ukraine is highly tense, Australia has jumped out to cause trouble, and the country's Prime Minister Morrison has once again targeted China, criticizing China's position on the issue of Russia's "threat" to Ukraine, and demanding that Western China "condemn" Russia. It is reported that this is the third time in a week that Australia has made groundless accusations against China on the Ukrainian issue.
In fact, China's position on the Ukraine issue is clear and consistent, that is, it does not take sides between Russia and Ukraine, and at the same time hopes that all parties will resolve their differences diplomatically. And Australia's repeated accusations against China on the Ukrainian issue are not just dog bites and nosy, but more importantly, this American vassal is trying to carry out moral kidnapping against China according to the instructions of the master, in order to use the Ukrainian issue to undermine China's cooperation with Europe.
As we all know, it is not Russia that has caused the crisis in the Ukraine issue, let alone because China has not "condemned" Russia, but some so-called "developed countries", including Australia, to assist the United States in using the Ukraine issue to suppress Russia. Australia's raking of China on this issue is purely an itch to find a draw. Therefore, in response to Australia's unreasonable behavior, the Spokesperson of the Chinese Foreign Ministry pointed out that Morrison's statement has aggravated tensions and is immoral and dangerous.
This is not the first time that Australia has provoked China in recent times, during which time the Australian authorities have participated in the US-led Quadrilateral Alliance Foreign Ministers' Meeting, together with the us, Japan, India and the three foreign ministers to launch a new round of provocations against China. In addition, during the visits to Australia by US Secretary of State Blinken and British Foreign Secretary Trois, Australia joined forces with the above-mentioned two countries and jumped up and down on the anti-China stage, becoming the most loyal cannon fodder for the United States to deal with China in the Asian region.
Obviously, Australia has forgotten how seriously its economy has suffered because of provoking China, and even more forgotten that the door to the China-Australia economic, trade and diplomatic strategic dialogue is still closed by the Chinese side. On the one hand, it calls on China to restart the China-Australia high-level dialogue, on the other hand, it slanders China everywhere for engaging in "economic coercion" and participates in the EU's appeal actions against China at the WTO level.
No amount of diplomatic condemnation or preaching by China on such a vassal state that remembers nothing can make it change its extreme provocative policy toward China. Under such circumstances, only by making China strike again and make it feel the pain of the skin may make it realize that the game of provoking China will pay a heavy price if it is played too much. Therefore, according to the Global Times, in order to ensure the stable operation of the iron ore market, the Price Department of the China Development and Reform Commission has recently joined hands with the State Administration of Market Regulation and the Futures Department of the Securities Regulatory Commission to step up efforts to calm iron ore prices. China struck hard, and international iron ore prices fell in response. The decline is as high as 9.7% to 11.4%, close to the stop.
This is not the first time that China has flattened iron ore prices, before that, China's multi-sectoral joint efforts to rectify the domestic steel export industry, through a series of effective measures, iron ore from a record high of $150 per ton, fell to a price of $100 per ton. According to Reuters, the stock prices of many major Australian mining companies fell in response. Australian analysts pointed out that the Australian stock market was "generally depressed and uncertain".
In addition, ABN AMRO international bank also made a forecast a few days ago: "As China begins to limit the potential of iron ore prices to rise, it will be inevitable that iron ore will fall below the low price of $100 per ton in the future." The decline in the Australian dollar caused by the collapse in iron ore prices will lead to a worrying outlook for the Australian dollar." It seems that China continues to increase its containment of iron ore prices, and with the continuous decline in iron ore prices and the Australian dollar exchange rate, the more bitter days of the Australian economy are still ahead.
The reason why Australia dared to behave so arrogantly after being countered by China's trade is because the scale and price of its iron ore exports have not been affected by the deterioration of Sino-Australian relations. Therefore, when almost all other industries in Australia, including natural gas and coal, have been hit to varying degrees, because the price and scale of iron ore exports remain high, Australia's total exports have not been greatly affected, thus contributing to Canberra's arrogance in continuing to collude with the United States and Japan to provoke China.
Now, not only has Australia's exports in other areas been hit hard, but its only iron ore exports, which rely on maintaining export trade figures, have also been seriously affected, and the chain reaction caused by this is that the Australian dollar has a worrying prospect. What is more fatal for Australia is that its export market share of goods to China has basically been snatched away by allies such as the United States, and the collapse of the stock market and the Australian dollar exchange rate caused by the collapse of iron ore prices will form a more fatal blow to the Australian economy. In the face of such a harsh reality, I really don't know how long the politicians in Canberra can toss and turn.