Rudd Prepares For Military Strike By China – But Why?
Politics | (0)
Australia 'enjoys' an uncertain relationship with China.
Two stories caught my eye in the last week which illustrate this point.
1. Kevin Rudd announced a 3 per cent increase in defence spending and directly references the military build up in China as the justification for the spend, which will be detailed in the upcoming Federal budget. Current annual defence funding is in excess of $20bn.
2. The Reserve Bank takes the decision not to cut interest rates and cites recovery in China and the firming up of commodity prices as a key driver for an upswing in the Australian economy.
So in a nutshell ...
