RBA’s Hauser: Australian exporters are upbeat about resilience of China demand
Source Fxstreet
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said on Thursday, “Australian exporters are upbeat about resilience of China demand.”
Additional quotes
On recent China trip, found confidence beijing would do what was needed to sustain growth.
Found striking confidence that China going into trade war with strong hand.
China organisations expected large share of economic costs of tariffs would fall on us.
China contacts expressed a determination not to cushion those costs.
Found little expectation that the Yuan would be devalued to insulate us from tariffs.
Possible could see more intense competition at home from Chinese firms discounting.
Unclear how big an impact given limited overlap between Chinese and Australian output.
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