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Australia needs China's economy to bounce back, but youth unemployment and low consumer confidence suggest it'll take time (www.abc.net.au)

submitted 1 year ago by [email protected] to c/[email protected]

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Ouch, 20% unemployment in China is rough. How tied to China's economic outlook do you think we're going to be in Oz?

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[–] [email protected] 3 points 1 year ago

Australia always needs to be weary on how much we tie ourselves to Chinese economy. It has burnt certain sectors when they haven’t diversified their trade partners enough in the past and china whacked on trade restrictions.

[–] [email protected] 2 points 1 year ago

20% youth unemployment. It’s not a total figure, only a sector. The average urban unemployment rate is only around 5% as per the story.