Despite a record-breaking trade surplus of US$1.2 trillion, China faces some stubborn economic headwinds.
- Associate Professor in Economics and Director of China Economy Program, Australian National University
Modelling suggests Australia would lose half of its export income and one fifth of its jobs if a new “bamboo curtain” cut the economies of China, Russia and like-minded nations off from the West.
The damage would extend well beyond iron ore.
We modelled a number of scenarios showing all increases in US or Chinese trade protection would cause international trade, and the global economy more generally, to shrink.
As domestic construction slows, Chinese property developers are starting to look overseas. The potential impacts are diverse, from property prices right through to regional diplomacy.
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