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The health of China's economy could determine whether a recession is on the cards in Australia

August 19, 2023
Source: abc.net.au abc.net.au
News Snapshot:
The Australian dollar has fallen from 68.8 US cents on June 15 to 64 US cents this week. That's a drop of roughly 7 per cent — a significant drop for any currency, but especially the Australian dollar. The benchmark stock exchange index has also fallen 6 per cent from its all-time high. Every time a currency trader or a share investor buys or sells, there's a reason behind it — and the millions of decisions made every day by investors tell a story. The story forming now is one of worry. Concerns over the health of China's economy are...
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Tags: Australia | bank | Bank of China | bankruptcy | Business | China | Chinese | construction | Country Garden | Covid-19 | credit | currency | data | Dollar | Economy | energy | environment | Evergrande | executive | export | Exports | finance | financial | financial crisis | government

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