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Australia’s RMB push is about self preservation – opinion
July 12, 2012
Australia’s treasurer is visiting Hong Kong and Beijing to campaign for a direct currency exchange agreement, further signifying Australia’s growing reliance on Chinese commodity buyers.
The tables have turned for Australia and China.
As recently as a few months ago, Australian commodity exporters had the upper hand in their relationship with Chinese importers. China, which essentially sought to buy all-things Australian resources, with a particular...
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