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
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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: