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Australia’s iron ore export boom to China is a double edged sword For much of Australia’s history it was said the fortunes of our nation’s economy rode on the sheep’s back. With wool being Australia’s main export commodity between 1871 and the 1960s, where wool prices led, our economy at times followed. Fast forward 60 years and Australia is just as reliant on exports for its economic prosperity as it was more than a century ago. Except this time, the nation’s economic future no longer rides on the back of a sheep, but atop a football-field sized iron ore bulk carrier bound for China.

United statesScott morrisonJosh frydenbergReform commissionChina national developmentAustralian bureau of statisticAustralian bureauTreasurer josh frydenbergPrime minister scott morrisonNational developmentWest africanஒன்றுபட்டது மாநிலங்களில்ஸ்காட் மோரிசன்சீர்திருத்தம் தரகுசீனா தேசிய வளர்ச்சிஆஸ்திரேலிய பணியகம்