Opinion
Australian miners won’t be spared the Chinese property pain
Many investors believe that Australia’s resource giants have managed to dodge a bullet from China’s property pain – but it would be a mistake not to fret about a possible fall in export earnings.
Karen MaleyColumnistIt is tempting to take the view that Australia’s mining giants have miraculously been spared any discomfort from the slump in the Chinese real estate market.
Most predicted that Beijing’s moves to rein in the borrowings of property developers would crush activity in the real estate sector, which accounts for some 25 per cent of China’s economy, and sent commodity prices tumbling.
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