China is Australia’s top trading partner with an annual trade of A$285 billion.
SYDNEY: Australian treasurer Jim Chalmers said today the government was closely watching China amid “concerning” signs of economic weakness that could weigh on Australia’s economy.
“It is concerning to see the weakness, the softness, in the recent weeks and months in the Chinese economy because it has obvious implications for us here in Australia.” China is the top trading partner for raw-materials exporter Australia, with an annual trade of A$285 billion, although Canberra has urged exporters to become less reliant on China amid diplomatic tensions.
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