Sydney: Australian Prime Minister Kevin Rudd Thursday said the China resources boom was over, leaving the economy at a crossroads, as he called for a new productivity pact to boost competitiveness. The economy grew at a slower-than-expected rate in the first three months of the year, expanding 0. Critical for infrastructure.
In this, the first of two articles, Colin Teesea former senior trade negotiator, discusses where the Rudd Plan is likely to lead us. As a policy developer, the Prime Minister Mr Kevin Rudd seems to be gaining a reputation as something of an unguided missile. Puzzling His recent announcement of the appointment of Mr Richard Woolcott — former secretary of the Department of Foreign Affairs and Trade, and former ambassador to the United Nations and to Indonesia — to pursue by some means or other the idea of an Asian economic community is no less puzzling.
Below is the transcript of the speech. The last one was held in November This one, like the last one, was presided over by Xi Jinping and attended by all seven members of the politburo standing committee, plus ex-officio member Vice President Wang Qishan, together with all other eighteen members of the regular politburo, in addition to everybody who is anybody in the entire Chinese foreign, security, military, economic, trade, finance, cyber and intelligence community, as well as the central think tank community.
This morning I flew back to Australia from China. It is a journey I have made now nearly a hundred times since I first travelled to the country back inwhen we moved to Peking as a family on our second diplomatic posting. While the country may have become familiar for me, each time I go I find something completely new. In fact, the pace of change outstrips our analytical frameworks for comprehending it.
Originally Published in the U. Original Article Available Here. This article is adapted from his speech.
Precisely how other regional power players — China, Japan, India, and possibly Australia — respond to the self-inflicted decline of US influence on the Asia-Pacific region remains to be seen. In one fell swoop, the once great free-trading nation that was the United States of America died, leaving the global trading system utterly rudderless. Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.
More than half of the global energy consumption will take place in Asia. The rapidly industralising region will have a population of 4. The prime minister warned, however, that there was no international body to regulate the growing rivalry in the region for energy, raw materials, and even food and fresh water.
As tensions ratchet up between the U. Rudd hailed the visit as an important development in Tokyo-Beijing relations, which have frayed in recent years due to issues such as the dispute over the Japan-controlled Senkaku Islands in the East China Sea, which China also claims and calls the Diaoyu. The former prime minister cautioned that finding the right diplomatic balance with Beijing will remain a tricky task, especially as the U.
As snow fell on Copen-hagen - on its palaces and squats, on police and their dogs, on protesters rugged up against the fierce cold and on the big, bland Bella Centre where the largest gathering of world leaders in history sulked and plotted - the prime minister of Australia faced the collapse of old dreams. This was the little boy fascinated by China, the kid who longed to be a diplomat, the man who believed a better world might be built through international agreement, and a prime minister struggling to meet "one of the greatest moral, economic and environmental challenges of our age". Life had brought him, inevitably it seemed, to this icy Scandinavian city a few days before Christmas and he blamed the Chinese for wrecking it all.
Former prime minister Kevin Rudd called for union representation in the Labor Party to be halved to 25 per cent as part of the creation of a "grand coalition" of unions, business, community organisations and environmentalists. In a 20,word essay he said was designed to provoke a national debate about the future of Australia, Mr Rudd complained that unions control the Labor Party through factions despite representing only 12 per cent of workers. Alex Ellinghausen.