9 Australian myths about China ... #8 is the most interesting

[thenews]

Gotta admit, I skimmed most of this. I'm sure some will find it interesting but I didn't. No reflection on the writer, more on me

Anyway... from the Aussie press (may be gated); Nine persistent myths that befuddle our thinking about China

So, jumping to #8 (and the #9)

8 ...

• don't think that trade in services, or Chinese investment in Australia, is more important than trade in commodities
• In 2015 our iron ore exports alone were four times the value of all of our combined services exports to China. And in services the only things that really count are tourism and education. That's not going to change for a long, long time.

9 ...

• don't fall for the nonsense line that China is either the biggest or the fastest growing economy in the world
• In 2016 the US economy was worth $US19 trillion, the Chinese economy $US11 trillion
• And India, with a growth rate of 7.5 per cent, was the fastest growing economy in the world.