China - Australia's export dependence makes Australia very vulnerable

China has in the period 2000-2019, very been an immense opportunity and benefit to the Australian economy but it is now also becoming a risk. China is by a large margin, Australia's dominant trading partner.

China_exports_value_to_Australia_200804.

This export dependence has now become a major vulnerability to the Australian economy, particularly since Australia lobbied globally for an international investigation into the source of COVID-19 (SARS-CoV-2).

Now, China is retaliating/punishing Australia it seems, or as Niall Ferguson puts it - seeking to make an example of Australia.