- Special adviser says does not see double-dip recession
- China slowdown a very good thing; sees soft landing
- China moving away from export growth to more domestic consumption
- China can’t rely on strong global demand
A pretty rosy view. Let’s hope its right. If so, global imbalances would be lessened. AUD/USD is well supported, trading in the 0.9255 area after reaching 0.9267 earlier.
