Treasurer Chalmers Welcomes China’s Economic Stimulus, But Warns Of Delay In Benefits

Treasurer Chalmers Welcomes China’s Economic Stimulus, But Warns Of Delay In Benefits

Australian Treasurer Jim Chalmers has praised China’s massive economic stimulus package to boost the latter’s failing economy, but warned it will be some time before it starts benefitting Australia’s economy. The fall in demand for steel in China over the last few years saw the prices of Australia’s leading resource export — iron ore — … Read more