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China has threatened to bring economic carnage upon Australia in response to big defence spending announced in Tuesday s federal budget.
The government outlined a huge boost for the defence force, more funding for spies and help for exporters to find new markets in a massive push back against an increasingly assertive Beijing.
In response, Chinese newspaper the Global Times - a mouthpiece for the Communist Party government - has warned that Beijing will block more Australian exports after already banning a range of goods including barley, wine, beef and coal.
In an article titled Canberra s defence spending means more economic carnage , the publication warned Australia s natural gas exports could be next in the firing line.
Queensland Nationals Senator Matt Canavan, juggling a couple of committee engagements, hadn’t planned to attend Tuesday’s hearing at which former Australia Post CEO Christine Holgate appeared.
But party elder Ron Boswell was insistent, telling Canavan he must be there, in the room, fighting for Australia Post’s small business licensees.
Boswell, himself a former senator, retains one of the best political “noses” in the business. He’d spoken to Canavan soon after the Holgate affair blew up last October, warning the issue was trouble and needed to be fixed.
Canavan was initially sceptical, thinking people would react against the Cartier watches she’d given four executives as a reward for a deal with banks to shore up Post’s licensee network.