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18 July 2013 |
The constant hand wringing about China's economic growth is consuming local commentary. Treasurer Chris Bowen announced today that the China boom is owner, showing surprising confidence in his economic judgement considering how little time he has spent in the job. Investors trying to draw too many conclusions from this, however, should be cautious. For 20 years, China has confounded Western expectations and it remains on its unique path.
27 June 2013 |
Australia is coming to the end of a massive investment boom in resources, which has helped the country sail through the effects of the global financial crisis. The risk now is that there will be a delayed GFC as that boom comes off.
06 June 2013 |
An article in today's Age by John Garnaut sounds an alarming tone about the future of the Chinese economy. The 35 year expansion, the greatest era of sustained wealth creation the world has ever seen, may be coming under pressure:
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