Every country has good people and a tiny minority of bad people.

China has an overwhelmingly good, hard working population and a thriving economy.

The way to improve relations is to welcome every good Chinese person with open arms.

We need bullet trains like no other country on the planet. Borrowing costs are perfect now.

Bullet trains would be full of international tourists and the Australian economy would take off like a bullet, or even moreso … like a rocket.

The only barrier is an impotent Reserve Bank and lazy unimaginative politicians.

A 4% infrastructure Bond Issue (Remember Commonwealth Bonds?) would reward the elderly with small savings who are being punished selectively and cruelly with the same historically low interest rates, and their savings be liberated to boost the economy.

We need bullet trains, dams to store all the monsoon rainfall in the North, mass dead wood clearances from the Bush-lands throughout the year, plus firebreaks that are wider and better used for productive agriculture, bullet trains and leisure activities.

All Australia needs is foresight and guts, but these are reserved for damaging wars not for creative peacetime projects.  We treat our veterans and our future with chronic neglect.

Working with all good Chinese, and Asia generally, is the way forward, to get faster results.

Why do we throw out qualifying students from Asia with stupid visa rules when so many would be happy to remain as engineers, and workers in growth industries?

Belts and Roads and Bullet Trains and educated Asian graduates are what Australia needs.

Stupidity denies us their skills if they want to stay, and voluntarily to return to their homelands only if and when they wish, rather than when we so blindly demand.

Below from a highly regarded friend and economics writer is an overview of why China is forging ahead while Australia at best growing at a snails pace dictated by political obsession with short term surpluses rather than long term growth and far larger surpluses.

If it is right to squander borrowing power on unproductive MacMansions and badly planned jobless urban sprawl why is it wrong to create a brighter better future?

Political focus on party power and privileged incomes are the enemy of progress, so please show me a politician who can think beyond his or her nose.

We engage in wars with great efficiency while squandering peacetime opportunities with a pathetic percentage of the efforts and resources squandered in sending people to fight in other peoples wars.  Let’s be like Switzerland and China, and get rid of the gun-ridden exploiting American culture that extracts profits from us while paying hardly any tax.

Let’s stop fighting future wars with out-dated American technology and peacetime economic rape and pillage of our economy by rich Americans. Let’s give the poor and middle class Chinese a chance to boost our economy, so as to build bridges of peace with all of Asia.

A careful, considered view of the Chinese Economy follows with credit and acknowledgment to Boom Finance :-

SCROLL DOWN TO READ ABOUT  THE CURRENT DIRECTION OF THE CHINESE ECONOMY   For the Critical Thinker — Also BOOM PODCASTS: On Soundcloud.com “Our Brave New Economic World” Published by BOOM 17 November 2019 Read paper → BOOM Finance and Economics EDITORIAL 17th NOVEMBER 2019 CHINA ECONOMY BECOMING MORE ROBUST BOOM sees many analysts predicting the decline of the Chinese economy. They invariably involve some argument that China has a precarious banking system that will collapse some day in the future. However, they invariably involve little analysis of the real Chinese economy. The urge to predict collapse and doom overrides all else. This is possibly a false assumption and we all know that false assumptions will almost always lead to false conclusions. So, leaving the Chinese banking system to one side because it is effectively State run and micro managed to look like a western banking system, let’s look at the structure of the real Chinese economy. CEIC data proudly claims the mantle of “the most trusted data in the world”. They have been collecting data since 1992, have offices in 18 nations and cover over 200 economies. So, presumably, their data has some reliability. BOOM recently saw a graph from CEIC that showed the changes in the structure of the Chinese economy since 1954 to present day. It was revealing. It showed that in 1954, the Primary industry sector was 45 % of the economy. That has shrunk to less than 10 % and, yet, it is still the producer of 20 % of the planet’s food and is worth about $ 2 Trillion per year. The Primary sector principally involves farming, fishing, forestry and oil production. The Secondary industry sector comprises the manufacture of goods, electricity and construction. This is seen as the great strength of China. However, it has shrunk from its peak of almost 50% of the economy in 2004 to its present day contribution of around 35%. The Tertiary sector is where the real story is happening. It reached its low point in 1984 just above 20 % or thereabouts and is now about 50 % and on the graph it appears to be heading upwards rapidly towards 60% of the economy. The Tertiary sector includes real estate, finance, wholesale and retail, transportation and all other service industries. It now employs the most people, over 40 % of the workforce. So China is rapidly beginning to resemble an advanced economy such as the USA, the European Union or Australia where services contribute up to 70 – 80 % of annual GDP. And this is beneficial because this lessens China’s previous over-reliance upon Production and Productivity which can easily become the Achilles heel of any centrally planned economy. In fact, this observation is critical to understand. Why? Because, in history, we have never seen any centrally planned economy achieve Tertiary sector dominance. And this should theoretically create a natural resilience and stability to their domestic economy. The Belt and Road Initiative will assist in this process as China offers more services to other nations, especially in the area of finance.