While the Australian economy is doing better than most at the moment, it still has its problems — while unemployment is low, a large number of people were forced into part time work during the short recession, and has its concerns — economic growth is too heavily dependent on China.
Interesting coverage of a tour of Australia by a former member of the China Central Bank Committee can be found here:
http://www.theaustralian.com.au/fears-prompt-an-rba-rates-rethink/story-e6frg8zx-1225804353146
On a related note an interesting article “China has now become the biggest risk to the world economy” from the UK:
Some valid points/concerns in both articles. I’ve never understood why we have a World Trade Organization that acts as a global policeman/adjudicator, why tariffs and subsidies are generally banned, why dumping of goods is banned, yet currency manipulation by countries is allowed. It doesn’t make sense … to me anyway.
