China downturn a boon for Australia

Original article by Max Maddison
The Australian – Page: 2 : 19-Jan-22

BIS Oxford Economics’ chief economist Sarah Hunter says China’s economic growth may slow to around five per cent in 2022. This is in turn likely to prompt the Chinese government to pursue "fairly significant" direct and indirect fiscal stimulus measures, which would boost demand for key Australian commodity exports such as iron ore. Hunter adds that any measures aimed at boosting consumer spending in China could also benefit Australia’s non-commodity exporters, including producers of high-end food products and other consumer durables.

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