South Korea got the treatment for THAAD where South Korea firms were forced to close like Lotte & car makers on shore & then they banned tourists etc.
So? Nothing happened as small share of GDP (loud bark little bite). Lotte diversified out of China & other Korean firms too.
So? Nothing happened as small share of GDP (loud bark little bite). Lotte diversified out of China & other Korean firms too.
https://twitter.com/business/status/1326418906895036416
South Korea kept THAAD & China basically reserved its actions. In Asia, this happens all the time. No news here.
Japan had that in 2014. South Korea in 2016. The Philippines too at some pt as fruits got held up at ports for having bad "worms" etc. Remember Vietnam in 2014?
Japan had that in 2014. South Korea in 2016. The Philippines too at some pt as fruits got held up at ports for having bad "worms" etc. Remember Vietnam in 2014?
One of the key consequences of such action is that South Korea diversified out of China as its dependency was too great & FDI into ASEAN started to exceed China from 2014.
Same with Japan. I imagine Australia will try to diversify
That said, Australia & China are complementary.
Same with Japan. I imagine Australia will try to diversify
That said, Australia & China are complementary.
As in, unlike SK & JP, Australia is resource & land rich.
Does China need Australia? Yes. Does Australia need China? Yes.
Dependency doesn't just go one way. Australia will learn from this & that it needs to diversify as well & that China is still important.
Does China need Australia? Yes. Does Australia need China? Yes.
Dependency doesn't just go one way. Australia will learn from this & that it needs to diversify as well & that China is still important.
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