Governments on both sides of the Tasman do not look sympathically at the domestic TCF Industries attempting to counter cheaper imports,or for that matter manufacturing exporters in general with non competitive export prices.

How can the Australian & New Zealand governments fail utterly to see that the result of not supporting their manufacturers is unemployment? This in turn leads to higher welfare benefits, higher taxes, and social problems.

I am also concerned that no-one seems to understand that selling the family silver, in this case the world's best wool, to effectively a single buyer, China, is a recipe for disaster. When China has wiped out all manufacturing in other countries, so there is no-one else to buy the wool, prices will be forced down. It has happened before. A single customer takes up huge amounts of production capacity, so the manufacturer expands. The buyer than either demands ever lower prices, or pulls out. Both scenarios lead to closure and/or bankruptcy.

There's also the issue of quality. Here in the UK China has an increasing reputation for poor quality products. This can only harm the reputation of New Zealand and Australian Superfine merino goods.

I entirely agree with Amanda.
It is never good busines practice to put all ones eggs in ones basket. In this case a Chinese basket.
Both governments on both sides of the Tasman
just live for the moment without looking at the future and where we are both heading.