If China’s Economy Goes, Australia’s Goes With It
A very long and in-depth article on Australia’s economy. If roughly one-third of Australian exports go to China and roughly 19 percent of the economy is exports, that’s roughly 6 percent of GDP that is highly sensitive to Chinese economic conditions. Layer on the housing investment from China and overseas students, the housing bubble built on growth in those exports to China, there is a lot at stake if China slows meaningfully.
Steve Keen’s Debtwatch: Australia’s Economy is a House of Cards