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This is the third in a series of articles that will ultimately look to explore the potential impact, both short and long term, of a trade spat between Australia’s largest investor and Australia’s largest trade partner. This installment looks at the two key individuals in this conflict; Xi and Trump are important to understand in order to truly examine the impact of a trade war on Australia and the broader global economy.
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This is the second in a series of articles that will ultimately look to explore the potential impact, both short and long term, of a trade spat between Australia’s largest investor and Australia’s largest trade partner. This installment looks at the way growth is done in China; an important dynamic to understand in order to truly examine the impact of a trade war on Australia and the broader global economy.
Heading into election weekend, Ron Shamgar, Head of Australian Equities and Portfolio Manager of the Small Cap Income and All Cap portfolios, takes a look at some of Labor's key policies and analyses some winners and losers should they win .
This is the first in a series of articles that will ultimately look to explore the potential impact, both short and long term, of a trade spat between Australia’s largest investor and Australia’s largest trade partner. This installment looks at the way business is done in China; an important dynamic to understand in order to truly examine the impact of a trade war on Australia and the broader global economy.
This week we present a piece by Ben Goodwin, from Merlon Capital Partners who power the TAMIM Australian Equity Income IMA, examining the changing nature of the iron ore industry. The effect of Vale’s tragic dam collapse in early 2019 has seen iron ore prices rally. As a result of forced mine closures, the global seaborne supply of iron ore is expected to be 20mt lower in 2019 than in 2018, or 1.2% of the total seaborne market. Despite a slowing economy, Chinese steel demand in 2018 remained relatively strong, albeit importing ~10mt less iron ore relative to 2017 as use of scrap steel increased, a trend expected to continue for some time. This note summarises the implications of these factors and how they affect the longer-term market balance and pricing.
Kevin Smith, of Delft Partners and Portfolio Manager of the TAMIM Asia Small Companies fund, examines the misconceptions surrounding China. For such an important player in the world economy it is wildly misunderstood by the average westerner.
I have observed economic developments in China during the past three decades and found myself very frustrated with the ways in which China is often portrayed in the media. One of the best explanations of our fundamental misunderstanding of China is provided by former World Bank representative in China and Russia, Dr Yukon Huang in his book called “Cracking the China Conundrum Why Conventional Wisdom Is Wrong”. |
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