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China’s imports have fallen 3.9 percent in defiance of analysts’ predictions. That’s going to impact Australia’s company tax receipts and the entire budget.
As part of a $400 million regional policing initiative, up to four additional training centres of excellence are planned for various Pacific countries.
While U.S. tariffs on imports from China will cause problems for Beijing, the flow-on effect for Australia is not likely to be that great, according to experts.
‘We expressed significant concern about that ballistic missile test, particularly its entry into the South Pacific,’ Defence Industry Minister Pat Conroy said.