China's trillion-dollar plan for world domination splits Australian politicians

Section:

By Ben Graham
News.com.au (News Corp.), Sydney
Monday, October 23, 2017

AS Donald Trump whips the world into a frenzy with his tweets, China is plotting a trillion-dollar global trade revamp which could change everything.

It's being dubbed the "New Silk Road" which could redefine global trade and mark a tipping point for a new Asian century.
So far, 68 countries including New Zealand have signed up to the President Xi Jinping's "One Belt, One Road" (BRI) project, but it's left Aussie politicians divided and scratching their heads, according to an international relations expert.

"I don't think the government has done a great deal of thinking about this," Australian National University's Dr Michael Clarke said.

... Dispatch continues below ...



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



"But I've heard from my contacts in government that there is a very definite divide between the security agencies who have strategic concerns and the departments of trade and agriculture, which are looking at BRI as a big economic opportunity for Australia." ...

Dr Clarke said Australian politicians are torn between our commitments to the US and the growing Asian superpower — but they must make their minds up sooner or later.

"The key issue is whether Australia can have its cake and eat it too when it comes to China," he said.

"They want to maintain a strong economic relationship with Beijing, but at the same time maintaining a very strong commitment to the US and the regional order it has set out since the Second World War. ...

Mr Clarke said BRI is a "fairly crude" geopolitical strategy which is also driven by China's own economic concerns.

"It's also a bit of rhetorical window dressing and a soft power strategy designed to portray China's rise in a positive light," he said.

The enormous venture has been called the "biggest story" in Asian business that could redefine global trade. Combined with US President Trump's decision to pull out of the trans-Pacific Partnership, some suggest it could signal the start of China becoming the leader on globalised exports. ...

... For the remainder of the report:

http://www.news.com.au/finance/economy/world-economy/chinas-trilliondoll...

* * *

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16