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An all-out trade war with China would cost Australia 6% of GDP – The Conversation AU

The damage would extend well beyond iron ore.



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China accounts for more than a third of export dollars earned by Australia.
The figures, for the 12 months to October, cover the period of coronavirus disruptions and disputes over trade.
They apply to physical exports rather than harder to measure services, and are dominated by record high Chinese takings of Australian iron ore.
But they mightnt last.
China is changing, transitioning from growth driven by the iron-ore hungry expansion of cities and manufacturing to growth driven more by the supply…

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