SUBSCRIBE TO OUR FREE NEWSLETTER
PUBLISHED |

China growth may be good for Australia

China growth may be good for Australia article image

The Chinese economy grew by 7.9 percent in the June quarter, according to official figures released yesterday. The rate topped the 6.1 percent growth recorded earlier this year. Economists attribute the growth to the Chinese government's stimulus package, which in turn led to demand for commodities and energy and maintained domestic employment. As a commodity exporter, Australia has pinned its economic hopes on China's growth, which looks set to continue for at least another 18 months, according to predictions.

Tags

Leave A Comment

Spinning icon Saving your comment, please wait...
Spinning icon Saving your comment, please wait...