Australian Treasurer Jim Chalmers said on Sunday the government was closely watching China amid 'concerning' signs of economic weakness that could weigh on Australia's economy.
Australian Treasurer Jim Chalmers poses for a photograph as he arrives to attend a G20 finance ministers' and Central Bank governors' meeting at Gandhinagar, India, July 18, 2023. REUTERS/Amit DaveSYDNEY, Aug 27 - Australian Treasurer Jim Chalmers said on Sunday the government was closely watching China amid "concerning" signs of economic weakness that could weigh on Australia's economy.
"It is concerning to see the weakness, the softness, in the recent weeks and months in the Chinese economy because it has obvious implications for us here in Australia.", has sputtered due to a worsening property slump, weak consumer spending and tumbling credit growth, prompting the authorities to slash interest and promise further support while analysts downgrade growth forecasts.
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