Yes, Australian manufacturing is under pressure and we are moving towards a more service-oriented economy. Which makes the claim for Indian markets all the more incongruous. India wants Australian minerals, not services. It is itself a service-exporter; it does not imports services. And there is already no shortage of buyers for Australian raw material, including India -- even before the uranium sales.
Thanks. Good that we are now understanding that higher GDP has got nothing to do with China being an attractive trading partner for US, Europe and other developed economies the the parlance of things as they are.
Re Australian possible exports in the manufacturing sector, you have to revisit what I mentioned as the competency that is being sought to being developed in Australia currently. It is investment in technology! You must read a little bit about the Wind Turbine and green energy initiatives of Australian businesses and this has huge potential for developing energy deficient markets (of course with the caveat of IP protection ).
Re the uranium sales, well it is just a wheel in the cog in the overall picture. And just for the record, even transfer pricing benefits can be gained out of RM supplies (of course not Uranium) but the others. So off shore manufacturing is not that bad when assured of a just playing field and free market currency regulation.
If you don't accept that America is engaged in China containment, then we can let the matter drop. There have been any number of policy papers, not to mention explicit statements, to that effect from American administration officials.
Of course it is US endeavour to look to contain China. Why else do you think are Japan, Vietnam, Korea, Phillipinnes etc. looking up to US now? There have been hegemonic tendencies visible even before the son has risen to power but to say that it is primarily the US motive in a relationship with India is naive. That is what I am implying. I already mentioned that geo-political interests will always follow economic interests. Why do you think was China supporting Gaddafi? or Sudan? There are certainly no Himalyas to quote out there in the middle east
China is helping Pakistan with civilian nuclear technology which is denied by the West.
Yes you are right. This was after the US India civilian nuclear deal and after the attempts to draw parity by Pakistan with India first with a similar deal with US and then suddenly a grand father was born in retrospective
Not Indian development influenced development at all. And that is beneficial in the long term you think?