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Economic growth

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Australian Treasury too rosy about China


In October 2009, a former top Treasury official at the Australian embassy in Beijing slammed the Rudd government for a “dysfunctional China policy”. Stephen Joske went further, saying “there’s no one in Treasury who can tell up from down on China, beyond what they read in the newspapers” – a serious charge given the importance … Continue reading

Australia warned of double whammy in China’s pending debt crisis


A major Asian investment bank says the seeds of a future financial crisis in China have been sown. Nomura is warning that debt levels in China are teetering at unsustainable levels. Debt in China is believed to be between 150 and 200 per cent of GDP, pushed up by easy monetary policy the government has … Continue reading

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