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 Good fortune in Chinese appetite- Good fortune in Chinese appetite
- September 11, 2012
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Australia's economy is much more dependent on China than it used to be. This is very fortunate. Imagine having had to rely on the US or Europe in the past few years - just ask the British and Canadians.
China's appetite for commodities is a key reason why Australia has avoided the worst of the global financial crisis and currently has one of the bestperforming economies in the developed world.
Last week's GDP numbers confirmed that Australia's economy is 10 per cent larger than it was four years ago. The US is only 2 per cent larger, the eurozone has shrunk 2 per cent and Britain 4 per cent, partly reflecting its exposure to Europe. Even Canada, which has been supported by a booming commodit...
- View more at: http://www.1888pressrelease.com/good-fortune-in-chinese-appetite-pr-422745.html
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