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This tag is associated with 5 posts

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 China economy danger


Former Australian prime minister John Howard has warned Australia not to become mesmerised by China, and instead focus on maintaining an efficient and productive economy. In a major speech to the Australian Chamber of Commerce in Shanghai, Mr Howard said he believed Australia must stay diversified and not become reliant on the mining industry. China … Continue reading

Australian debt may grow beyond $300 billion limit


Australia’s debt could breach the government’s legislated $300 billion maximum limit this calendar year as the outlook for Australia’s resource sector deteriorates. Treasury’s senior budget official, Nigel Ray, told the Senate economics committee last week that the debt was expected to rise no further than $290bn in 2013-14, based on the budget forecasts. Although it … Continue reading

Australian stocks surge to 19-month high as US fiscal cliff averted


THE sharemarket started 2013 with a bang as US lawmakers agreed a budget deal to avoid the worst of the so-called fiscal cliff that had threatened to derail the world’s biggest economy. The benchmark S&P/ASX 200 closed up 1.2 per cent at a 19-month high of 4705.9, also after better Chinese manufacturing data helped lift commodity … Continue reading

July 16 2012 China Daily Mail Headlines


China’s Catastrophic Deleveraging Has Begun Posted by jackbassteam ⋅ July 16, 2012 ⋅ Leave a Comment 1. The frustrated and aggressive central bank If one wants to know how bad the health of China’s economy has gone, look no further than the PBOC‘s composure, which seems rather frustrated and aggressive as of late. On 5th July, … Continue reading

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