{"id":396969,"date":"2019-02-23T18:38:04","date_gmt":"2019-02-23T17:38:04","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/turning-screws-chinas-australian-coal-ban\/"},"modified":"2019-02-23T18:38:04","modified_gmt":"2019-02-23T17:38:04","slug":"turning-screws-chinas-australian-coal-ban","status":"publish","type":"post","link":"https:\/\/rinf.com\/alt-news\/newswire\/turning-screws-chinas-australian-coal-ban\/","title":{"rendered":"Turning Screws: China\u2019s Australian Coal Ban"},"content":{"rendered":"<div>\n<p>Overly reliant economies are dangerously fragile things.\u00a0 As it takes two parties, often more, to play the game, the absence of interest, or its withdrawal by one, can spell doom. The Australian economy has been talked up \u2013 by Australian economists and those more inclined to look at policy through the wrong end of a drain pipe \u2013 as becoming more diverse and capable of withstanding shock.\u00a0 In truth, it remains a commodity driven entity, vulnerable to the shocks of demand.\u00a0 Think Australia, think of looting the earth.<\/p>\n<p>Such carefree, plundering optimism lays bare the jarring fact that Australia remains obsessively and maddeningly committed to King Coal.\u00a0 To coal, she pays tribute, runs errands and sponsors with conviction.\u00a0 And it is coal that keeps the country tied to hungry markets which, for the moment, see use for it.\u00a0 But such hunger is not indefinite.\u00a0 India and China, traditional destinations for Australia\u2019s less than innovative dig-it and export-it approach, have made it clear that their lust for coal is temporary.\u00a0 The appetite is diminishing, despite occasional spikes. Renewables are peeking over the horizon, forming the briefing documents of energy and trade departments.<\/p>\n<p>To this comes another problem.\u00a0Australia has been rather bullish of late towards the country that receives most of its earthly treasures. The People\u2019s Republic of China has made it clear that it does not agree with the ambitiously aggressive line Canberra has taken on a&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/dissidentvoice.org\/2019\/02\/turning-screws-chinas-australian-coal-ban\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overly reliant economies are dangerously fragile things.\u00a0 As it takes two parties, often more, to play the game, the absence of interest, or its withdrawal by one, can spell doom. The Australian economy has been talked up \u2013 by Australian economists and those more inclined to look at policy through the wrong end of a [&hellip;]<\/p>\n","protected":false},"author":2525,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-396969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/396969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/2525"}],"replies":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=396969"}],"version-history":[{"count":0,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/396969\/revisions"}],"wp:attachment":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=396969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=396969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=396969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}