Amidst extensive reporting of a waning Chinese economy, and postulation that such a predicament may adversely affect the Australian economy and more specifically, the property investment market – where the lies the truth?
Australia’s economy has displayed a remarkable resilience for nearly 25 years, and Australia has benefitted from China’s role as the factory for the world. As China’s economy moves from infrastructure and building boom to a society seeking goods and services for its burgeoning middle-class, Australia continues to have at its doorstep enormous opportunities to reap the benefit.
To put perspective on these intertwining issues, we interviewed Michael Blythe, Chief Economist and Managing Director of Economics at the Commonwealth Bank of Australia (CBA). Mr. Blythe previously worked with the Reserve Bank of Australia (RBA).
We wish to thank the Committee for Economic Development of Australia (CEDA), Australia’s leading independent economic and social commentator for its contribution to this article.
To read more subscribe to hard copy magazine