Posts Tagged ‘Kevin Rudd’

China, we need you!

January 24, 2009

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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