RBA Assistant Governor (Economic) Christopher Kent

  • Speaking on China says little sign of home building pick up
  • Says China rotation limits potential for recovery in global commmodity prices
  • Says growth in China services, consumer demand a major opportunity for Australia

Reuters with the quick headlines

Full text: Remarks by Christopher Kent, Assistant Governor (Economic), at UBS Australasia Conference 2015, Sydney

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More headlines, via Bloomberg:

  • China urbanization has further to run, to be more gradual
  • Little sign of sustained China construction improvement
  • Potential for commodity prices to rise somewhat limited
  • Commodity prices still 80% above early 2000 levels

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Not a lot of response from the AUD: