Tricky situation for Australia as it takes a call on the trade war with China
Australia is in a very tricky situation right now where it has to choose between its economy and its integrity. This comes after the two countries have been having a war of words with an obvious advantage at China’s end. As soon as Australia got over its recession that happened due to the coronavirus pandemic, people started questioning if it will have a more solid approach towards China. The economist, however, suggests that Australia must avoid taking any such steps. The problem is that China is Australia’s biggest export market which essentially means that now whatever the relationship between the two countries remains, Canberra keeps it cordial for it to continue to flourish its growing economy. It so happened that the country’s economy was at its all time low, a phase of recession that happened for the first time in three decades. This hit Morrisson and its administration hard. The recovery of the economy was credited to the improved h...