Letters of 18 March 2022: Diversify away from China

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Letters of 18 March 2022: Diversify away from China
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  • 📰 FinancialReview
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China, pandemic, COVID-19, trade, Russia, ESG investing, duty of care, climate change, bushfires, monetary tightening

China presents an existential threat to Western values as its military and economic power grows .

That approach may not work in future with new variants such as omicron sparking an alarming rise in cases. At the moment, for example, it is perfectly sensible to argue that the export of Australian coal is absolutely vital to the maintenance of economic stability in the global economy, given the understandable desire to reduce reliance on imported Russian gas and coal into the democratic West. Like life, investing is full of contradictions, despite the pursuit of a balanced portfolio and a distaste for ideology.

It was entirely predictable that Australia has a high and growing need for civil defence, to protect citizens from such disasters.

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