Looks like I’m not alone in the opinion that China’s economy cannot recover without a rebound in the US economy. The Chinese commerce minister says exactly that, speaking in Chicago. Current improvement in in the Chinese economy is not solid and that private-sector investment is not rising, adds commerce minister Chen.
This could cool the AUD/USD rebound which reached 0.7100 a short-while ago as much of the AUD improvement has been predicated on the idea of Australian exports of raw materials to China.
