Business
Is Australia ready for China’s new economy? – The Australian Financial Review
It’s time for policymakers and businesses to think beyond the ‘rocks and crops’ mentality as Beijing looks to expedite a reshaping of the world’s second-largest economy.
Yes, iron ore prices have pulled back from $US130 a tonne and are fetching around $US114 a tonne. But the latest Resources and Energy Quarterly from the Department of Industry forecasts iron ore prices holding near $US100 a tonne (before freight) and then ending the 2020-21 financial year at $US85 a tonne.
Given the federal budget assumption of $US55 a tonne (before freight of $US7.15 a tonne) and the WA government’s longer-term assumption of $US64 a tonne (including freight), the elevated pric…
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