With the US consumer crippled by debt and Europe going pear shaped, the Chinese have been looking for new markets. And they're finding them in their own backyard.
The Libs say the stimulus package only played a small role in getting us over the line and it was a dog's breakfast anyway. Labor points out that ours was the shortest and shallowest downturn in the industrialised world - end of argument. Whoever you support here's your script for this weekend's BBQ. (Sorry for not including the Greens.)
Sure China's going gangbusters, but the US still accounts for 25% of global output making it the world's largest economy by a country mile. So weakness there means weakness here. Capice?
What are we going to do when the music stops and we're forced to sit down on our carbon-fibre chairs and look for something to fill in the crater that was the great resources boom?
