Australian Economy China Economy Iron ore price

Here comes our next China shock

Friday 20 October 2017

The interest rate community is deluded. The only prominent outfit that has it right is Westpac and it may not be dovish enough. A new shock is rolling towards Australia, one we know quite well, and it will arrive in the next few months. It is iron ore and bulk commodities.

China is slowing. More to the point, Chinese credit has already slowed:

And now Chinese building is following, both in realty:

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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.