China cannot be allowed to financially benefit from the worldwide disaster they created. Worldwide governments, not just the Australian government, need to ensure Chinese companies flush with cash from the Chinese government do not swoop in and purchase distressed companies.
The economies of the world have been compromised from the actions of China, their unsanitary conditions, their lack of regulation and their lack of ability to contain the coronavirus in Wuhan was the cause of this disaster occuring in the first place.
The last thing the world needs is Chinese companies flush with cash from the CCP purchase companies and distort capital markets. China has distorted manufacturing and supply chains fed by Western nations intent on offshoring manufacturing.
The opportunity for Western companies was access to the vast Chinese market that never eventuated and this experiment needs to end. The Western world along with central Asian and Asian-Pacific countries now needs to form trading partnerships with nations to isolate Chinese influence and create a level playing field.
I hope that nations with democratic governments can come together and decouple from China, they need to relocate supply chains away from China. The Japanese government is offering tax incentives for their companies to return to Japan, other democratic governments should be looking at their model.
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