Alert: The Australian Treasurer is lost on China

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Yesterday the AFR praised Australia’s real estate Treasurer:

Scott Morrison has done what his two immediate predecessors failed to do. In what may be remembered as an important early speech in his tenure as Treasurer, Mr Morrison on Thursday outlined in some detail the huge risks to the Chinese economy.

Rather than trot-out the standard lines about slowing Chinese growth and how this will benefit Australia in the long term, the Treasurer weighed into the fractious debate over China’s debt levels and its lack of a reform agenda.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.