Oversupply and deflation are spooking markets, while falling demand for coal and iron ore threatens to further hamper anaemic Australian growthGet our breaking news email, free app or daily news podcast“Because most Chinese are satisfied with the economy’s performance, Beijing would probably resist major adjustments in savings, consumption and investment incentives that did not serve its industrial policy goals.“Only the prospect of closed foreign markets or deep recession at home, neither of which Beijing believes is likely in the near term, would change this view.”Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/business/2024/sep/15/whats-causing-chinas-economic-downturn-and-what-does-it-mean-for-australia
Author : Peter Hannam
Publish date : 2024-09-14 20:00:38
Copyright for syndicated content belongs to the linked Source.
