Australia's RBA head warns about Chinese debt - Australian Financial Review
Australia's Reserve Bank of Australia head, Philip Lowe, spoke on Wednesday about the hazards posed to Australia from China due to the interconnected nature of their economies, as noted by the Australian Financial Review.
Lowe has appealed for calm over Australia's increasingly troubled political relationship with China.
Warning that its ballooning debt mountain and opaque financial system pose a threat to prosperity here.
Lowe said it was important to build understanding, connections and multiple lines of communication.
- The Australian Financial Review.
Some prickly language between Australia and China has developed some strains lately, after China's Foreign Minister Wang Yi stated that Australia must take a "more proactive approach" to China relations if they want to get bilateral trade back on track.
Author
Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.
