Business News

Australia depends less on Chinese trade than some might think

Written by James Giesecke, Professor, Centre of Policy Studies and the Impact Project, Victoria University

Australia is vulnerable to any downturn in global markets due to a Chinese economic slump. But being dumped as a supplier by China is a different matter. www.shutterstock.com

China now buys almost a third of Australia’s exports – about twice the value bought by second-placed Japan, and about nine times fifth-placed United States.

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