The impact of the Chinese stock market on Australia will not be great, but its slowing economy and demand for goods will continue to be a drag on our growth
This week the Chinese stock market has plunged more than 17% in three days. While its value still remains higher than it was a year ago, the fall in value is a reflection that China’s economy is undergoing a tough transition, with lower economic growth. For Australia, the plunging Chinese stock market will have little direct impact, but the slumping economy will.
Source: The Guardian Circular Economy RSS