The consequence for Aussie businesses should China invade Taiwan
Michael is joined by David Uren, Senior Fellow at ASPI (Australian Strategic Policy Institute), to discuss the possible economic consequences for Australia should there be a US–China conflict over Taiwan.
ASPI examined the implications for the Australian economy should its trade with China be severed in the event of conflict, showing there would be widespread loss of employment, along with consumer and business shortages that could only be managed with rationing.
“While mining and agriculture would bear the brunt of the loss of export markets, the loss of China’s imports would cause severe disruption to the retail, construction and manufacturing industries”, writes Mr Uren.
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