China is restricting business visas. The Chinese have been angered by the anti China sentiment from the west over Tibet and in retaliation anti west sentiment amongst the Chinese is growing. Foreign business people have been told that their business visas will expire on July 1, 2008 and as such must leave the country.
How can this impact on the Australian economy?
Taken to extremes if trade with Australia is cut drastically we will have to start relying on our own ingenuity and granted that prices will not be as cheap as products from China but I believe our quality will be superior and we will have a resurgence in new businesses and entrepreneurial projects.
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