US lawmakers have introduced a bill that would bar US mutual funds from investing in indexes that track Chinese stocks (Bloomberg). According to Bloomberg “The legislation targets mutual funds that invest in indexes tracking primarily Chinese stocks, rather than those investing in indexes that only include some Chinese companies, according to Sherman’s office. However, the Continue reading »
Economy
Andrew Hastie and Tony Abbott are trying to install a candidate in WA who has written a fictional book to scare people about a Chinese invasion of Australia. Western Australia exported $270 billion worth of goods in 2022-23, of which more than half, $147.7 billion worth, went to one country. Guess which one? China’s 54.6 Continue reading »
The CEO of BYD, the Chinese giant challenging Tesla as the world’s biggest electric vehicle maker, says sales of New Energy Vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), will make up more than half of all new cars sold in China within the next three months. “The penetration rate of NEVs Continue reading »
Will a grid based around wind and solar kill manufacturing and industry? It’s what the naysayers – the Coalition and conservative agitators – want you to believe, but the experience in South Australia, which leads the world in the uptake of wind and solar, proves the opposite. The state’s transmission operator ElectraNet says wind and Continue reading »
One of the Ten Commandments says, with awkward bluntness: Thou Shalt Not Steal. Predictably, some are inclined to read certain qualifications in to this prohibition. As it happens, this sort of adaptive-thinking underpins arguments made in a recent article in the leading US journal, Foreign Policy. Briefly, in this article entitled: “Europe Edges Closer to Continue reading »
Australia’s system of GST distribution — despite some serious mutilation by WA — remains one of the most effective and fairest in the world. That’s why the NSW government wants to blow it up. The way the states and territories are supported by the GST is founded on the notion that every Australian deserves access Continue reading »
A not-so-happy anniversary: Usually, a first anniversary is an occasion for all-round rejoicing and back-slapping. So, it was to be expected that there’d be universal self-congratulation on the first anniversary of Anthony Albanese’s, Rishi Sunak’s and Joe Biden’s announcement on 13 March 2023 that Australia would purchase nuclear-powered attack-class submarines from the US as part Continue reading »
The American economy is strong, Australia’s economy has slowed to a standstill, and Xi Jinping is proving to be a dry economic rationalist rather than a warm indulgent socialist. Read on for this week’s global economic and financial review. USA, Europe, and Japan American economy is strong, and its inflation is accelerating. Yet its share Continue reading »
Australians frozen out of the housing market cannot expect that government is going to do anything that effectively closes the gap between current house prices and what most of the unhoused could afford as a deposit. Modern politicians of all stripes are all agreed that their political survival depends on doing the maximum to sustain Continue reading »
The danger Hong Kong faces is not that it might become ‘just another mainland city’, but that it is already subpar to many of its urban cousins across the border. People always fret about Hong Kong’s eroding competitiveness compared to other leading Asian cities. But the clear and present danger may be its lack of Continue reading »