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Tuesday, April 3, 2012

Australia: 'Cheap Chinese imports ‘good for the nation'

From Australia Herald Sun


"And the fact Chinese workers are paid as little as 80 cents an hour does not threaten Australian industry.
Trade Minister Craig Emerson today said cheap imports brought down the cost of living, kept a lid on the Consumer Price Index, and put downward pressure on interest rates.
In a speech to the National Press Club on the importance of China, Dr Emerson said no one was forced to buy cheap products, which all complied with Australian food, safety and quarantine standards."

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