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Coalition must give up dream of budget surplus if China crashes, report says
Thinktank says Australia won’t be able to avoid economic disruption if Chinese economy is forced into hard landing
Australia’s federal government must focus on building new free trade agreements and give up the dream of a budget surplus if the country is to withstand the impact of a hard landing by the Chinese economy, according to a new report.
The risks to China’s economy are growing – among them the US-China trade war, colossal corporate and household debts, and the mounting political crisis in Hong Kong – placing the leadership in Beijing under increasing pressure to sustain the growth that has propelled it to superpower status in the past three decades.
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