Arab Today, arab today report reveals steady china at heart of australian economy
Last Updated : GMT 13:19:43
Arab Today, arab today
Arab Today, arab today

Report reveals steady China at heart of Australian economy

Arab Today, arab today

Arab Today, arab today Report reveals steady China at heart of Australian economy

Sydney - XINHUA

Australia's major international bank, Westpac has reaffirmed the leading role China plays within the Australian resource-heavy economy, with the latest Westpac Bureau of Resources and Energy Economics (BREE) study released last week, showing a Chinese economy performing at cruise speed through a sea of ongoing global anxieties. According to Senior Westpac International Economist Huw McKay, the economy of Australia's most important trading partner grew at a rate close to its potential in December and for 2013 overall. McKay said Monday the "respectable performance" in the September quarter is now looking very much like the peak for growth momentum in the current cycle phase. The WestpacBREE China Resources Quarterly is a core reference publication analyzing the macroeconomic situation with commodity specific insights so critical in the Australia-China economic relationship. McKay told Xinhua, this edition has been compiled against a backdrop of anxiety in the China watching universe, with a mild slowdown in the real economy coupled to the perception of growing financial risks. The findings will be watched closely in Australia's current reporting season for the globally-ranked miners such as Rio Tinto, reporting financial results due this week. McKay told Xinhua, Australia continued to play an important role in meeting the growth in China's consumption, with increased export volumes registered across most commodities. "Australian commodity producers continued to play a key role in Chinese economic consumption during the period, with record 2013 shipments of iron ore and thermal coal as part of a strategy by local producers to boost volumes amid weaker prices." Australia exported a record 442 Mt of iron ore and 42 Mt of thermal coal to China in 2013. According to Westpac, imports are playing an even more important role in meeting China's overall mineral and energy demands, and in many commodity markets, Australian producers have increased their market share in volume terms. This factor has mitigated the impact of lower prices on overall export earnings. China's resources and energy use -- so important to the heartbeat of Australia's two-speed economy -- maintained an upward trajectory in 2013.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today report reveals steady china at heart of australian economy Arab Today, arab today report reveals steady china at heart of australian economy

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday