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2022 Oct 10, 1:02pm
Nope, about 10% of Australia's economy is exports to China.
China's construction sector of its GDP (about 25%) blew a gasket very similar to our Housing bubble popping (at the time we had about 8% of GDP going towards construction).
Well...China don't need imports in that huge of quantity anymore.
China's construction sector of its GDP (about 25%) blew a gasket very similar to our Housing bubble popping (at the time we had about 8% of GDP going towards construction).
Well...China don't need imports in that huge of quantity anymore.
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