Asia: A Fed Red Is Safer?

Since Australia was settled 180 years ago, the mainstay of its economy has always been British purchases of Australian wheat and wool. Now, with Britain dickering for membership in the Common Market and the whole system of Commonwealth tariff preferences threatened with extinction, Australia is looking around anxiously for other agricultural customers. And its eye has lit on Red China, whose own monumental crop failures have forced it to buy grain abroad. During the past two years, with the purchase of $180 million worth of Australian wheat, barley, oats and flour, Red China has become Australia's fourth biggest export...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!