Viewpoint: China's decision to cut interest rates has huge implications
The decision came out over the weekend and got pretty much no attention in Australia. It’s probably one of the most important things for every single Australian investor to be aware of. China is the second largest economy in the world. It’s the biggest in our region and our largest trading partner in Australia. Whether we like it or not, we’re now tied to China. Around 25% of our total global trade is with China. When we came back from China last month, we wrote to our readers and explained that the economy there is slowing, very quickly. We explained that there will be huge investment opportunities, as more Chinese look at shifting their wealth to Australia. This was a full month before China moved to cut rates. We were ahead of the game. China’s decision to cut rates to record low levels is a sign that their economy isn’t doing well. It’s probably a lot worse than what is being reported. Read more here > (VIEW LINK)
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