Business
China’s recovery is cold comfort for some Australian exporters – The Australian Financial Review
With the coronavirus under control, China’s consumers are spending again. However, Australia’s wine, beef, cotton and coal exporters have little to celebrate as…
However, there is optimism that a rebound in retail sales at the end of the quarter, in September, shows consumer confidence is high.
The relatively strong recovery has come even though China’s post-pandemic stimulus measures have been modest compared with countries such as the United States and Japan. That said, the world’s second-biggest economy is still relying on heavy infrastructure spending, financed through local government bonds, to keep things humming along.
This is good news for Aust…
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