{"id":16289,"date":"2018-05-18T00:30:26","date_gmt":"2018-05-18T00:30:26","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16289"},"modified":"2018-05-18T01:14:25","modified_gmt":"2018-05-18T01:14:25","slug":"china-seeing-red","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/","title":{"rendered":"China sees red"},"content":{"rendered":"

From Darren Gray & Kirsty Needham at The Age<\/a>:<\/p>\n

\nRelations with China have taken another backward step after one of Australia\u2019s biggest exporters, Treasury Wine Estates, was among several companies whose products were being stalled because of new customs rules targeting Australian companies and industries….<\/p>\n

\"2018\/2019<\/p>\n

“Chinese officials have introduced new and different verification and certification processes and we’ve been working with the Chinese authorities and the officials, as well as with Australian authorities and officials, to ensure that we can meet these new and additional processes, which are not just applied to Treasury Wine Estates, it’s being applied to a number of other companies, across a number of different industries from Australia,” Treasury boss Michael Clarke said.<\/p>\n

Australian Trade Minister Steven Ciobo said in Shanghai he had been informed of the situation by Treasury, the largest importer of foreign wine into China, in the past 24-36 hours.<\/p>\n

\u201cThe questions being asked relate to certificates of origin. We will look at precisely what the situation is and if we can get to the bottom of it,” Mr Ciobo said.<\/p>\n

….Amid a looming trade war between the US and China, and threatened punitive tariff packages worth hundreds of billions of dollars, American exporters have also reportedly encountered pre-emptive slow downs and extra scrutiny from Chinese customs in recent weeks.\n<\/p><\/blockquote>\n

China is attempting to use trade relationships to coerce trading partners into complying with their political demands, applying Lenin’s dictum “Probe with a bayonet. If you meet steel, stop. If you meet mush, then push.”<\/p>\n

Australia faces a clear choice. Acquiesce and the trade issues will likely disappear…for a short time until China wants something else. Effectively we will become China’s southernmost province, responding to the will of the Central Committee in Beijing.<\/p>\n

The alternative is a lot tougher: politely but firmly resist any pressure from Beijing and demand to be treated as an equal partner in international relations. The price is high but the rewards are far greater. Our freedom and independence.<\/p>\n","protected":false},"excerpt":{"rendered":"

From Darren Gray & Kirsty Needham at The Age: Relations with China have taken another backward step after one of Australia\u2019s biggest exporters, Treasury Wine Estates, was among several companies whose products were being stalled because of new customs rules targeting Australian companies and industries…. “Chinese officials have introduced new and different verification and certification … <\/p>\n

Continue reading “China sees red”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,41,29],"tags":[],"class_list":["post-16289","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-china-hk","category-the-big-picture"],"yoast_head":"\nChina sees red - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China sees red - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Darren Gray & Kirsty Needham at The Age: Relations with China have taken another backward step after one of Australia\u2019s biggest exporters, Treasury Wine Estates, was among several companies whose products were being stalled because of new customs rules targeting Australian companies and industries…. “Chinese officials have introduced new and different verification and certification … Continue reading "China sees red"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-18T00:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-05-18T01:14:25+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/treasury-wine-estates-400x300.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"China sees red\",\"datePublished\":\"2018-05-18T00:30:26+00:00\",\"dateModified\":\"2018-05-18T01:14:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/\"},\"wordCount\":335,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/treasury-wine-estates-400x300.png\",\"articleSection\":[\"Australia & NZ\",\"China & HK\",\"The Big Picture\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2018\/05\/18\/china-seeing-red\/\",\"name\":\"China sees red - 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An increasing number of\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13035,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/18\/chinas-looming-currency-crisis-wsj\/","url_meta":{"origin":16289,"position":2},"title":"China\u2019s Looming Currency Crisis","author":"ColinTwiggs","date":"March 18, 2016","format":false,"excerpt":"The Yuan strengthened against the Dollar, breaking support at 6.50 (USDCNY) as Chinese authorities attempt to squeeze short-sellers. But the primary trend is unchanged and warns of further weakness. From Anne Stevenson-Yang and Kevin Dougherty at WSJ: After initial declines in the Chinese market to start the year, the past\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"USDCNY","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-18-usdcny.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-18-usdcny.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-18-usdcny.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62013,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/06\/19\/why-trade-protectionism-harms-local-industry\/","url_meta":{"origin":16289,"position":3},"title":"Why trade protectionism harms local industry","author":"Colin Twiggs","date":"June 19, 2025","format":false,"excerpt":"https:\/\/youtu.be\/qb644F-iE_s?si=eDheGWdQp2cX0X2j Dwarkesh Patel interviews Arthur Kroeber where he highlights the danger of trade barriers to protect domestic industries: China spent 25 years failing to build a globally competitive domestic car industry through hundreds of billions of dollars of subsidies and forced partnerships. Then they tried something radical. In 2018, they\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/qb644F-iE_s\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":61589,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/13\/the-relief-rally-is-likely-to-be-short-lived\/","url_meta":{"origin":16289,"position":4},"title":"The relief rally is likely to be short-lived","author":"Colin Twiggs","date":"May 13, 2025","format":false,"excerpt":"Summary Announcement of a reduction in US-China tariffs during a 90-day pause sparked a relief rally on Wall Street However, uncertainty over long-term US trade policy continues to cloud the economic outlook A US-China trade war could take years to resolve, and risks a global recession Relief Rally Concluding two\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-13-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-13-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-13-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":19810,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/22\/china-ccp-lies-and-the-coronavirus\/","url_meta":{"origin":16289,"position":5},"title":"China: CCP lies and the Coronavirus","author":"Colin Twiggs","date":"February 22, 2020","format":false,"excerpt":"The CCP is trying to create the illusion that the coronavirus COVID-19 outbreak is under control and the economy will soon bounce back from the brief interruption. But all is not what it seems.... COVID19 Official reported COVID-19 figures from China show a dramatic fall in confirmed new cases. Unfortunately\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16289"}],"version-history":[{"count":3,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16289\/revisions"}],"predecessor-version":[{"id":16292,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16289\/revisions\/16292"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}