'It is concerning to see the weakness, the softness, in the recent weeks and months in the Chinese economy because it has obvious implications for us
"It is concerning to see the weakness, the softness, in the recent weeks and months in the Chinese economy because it has obvious implications for us here in Australia,” said Australian Treasurer Jim Chalmers to Sky News television on Sunday per Reuters.
Australian Treasurer Chalmers cites China’s slower growth, deflation, problems with the property and banking sector, as well as softer export growth, as the key concerns while also stating, “Our concerns for China in particular is something that we're monitoring very closely.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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