Ex­port wealth

The Advertiser - - LETTERS -

PORT Lin­coln has pros­pered and de­vel­oped be­cause of trade ini­ti­ated by the fish­ing in­dus­try.

How­ever, when it is re­ported that “we need the Chi­nese mar­ket, whether you love them or not” (Port Lin­coln Times, 7/5/20), ques­tions arise.

It is not a mat­ter of lov­ing China but more to do with a two-way re­spect with our trad­ing part­ners.

If the dol­lar is the only fac­tor in trade, the es­ca­lat­ing con­cern is – par­tic­u­larly in South Aus­tralia – that we have too much pro­duce in one Chi­nese bas­ket.

Agri­cul­ture and min­ing is also de­liv­er­ing qual­ity goods. In re­turn, we have sub­stan­dard food, cloth­ing, etc, and have sac­ri­ficed our man­u­fac­tur­ing for cheap items. Have we al­ready sold the golden goose to China?

His­tory re­flects that this sit­u­a­tion, should it arise, in­evitably im­pacts the lower so­cioe­co­nomic group rather than the de­ci­sion-mak­ers.

Trad­ing with a monopoly whose cul­ture and value sys­tem is vastly dif­fer­ent from ours has in­her­ent risks. Are we pre­pared to con­tinue en­cour­ag­ing growth re­gard­less?

SUE OLSEN, Port Lin­coln

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