China, we need you!

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With the whole world spiralling into what looks like complete recession, our new illustrious leader, Kevin Rudd has warned Australian’s that China; who once seemed financially impregnable(considering practically every country in the world appears dependant on their goods these days), is also showing signs of economic slowdown. A fact that alone would shave a cool 5 billion from the Australian economy. We were initially in what appeared to be a ‘not too bad’ position in the current crisis. Well I guess this at least catches us up to the Johnsons.

Australia has considerable resources tied up in China. China is a massive destination for Australian exports. If they truly go down, where will it leave us? Interesting times ahead, that’s for sure.

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