RBA’s Kent sees positive side to Chinese readjustment
China’s economic rebalancing likely to bring benefits to Australia as well as costs
China's economy is moving through a bumpy rebalancing phase, but this will bring benefits as well as costs for the Australian economy, Reserve Bank of Australia assistant governor Christopher Kent said today (November 17).
In remarks to the UBS Australasia Conference, Kent noted there were mixed signals coming out of the Chinese economy. Drag on the economy from an ageing population was inevitable, he said, but growth in other areas such as urbanisation and productivity catch-up still "has
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