Treasurer Jim Chalmers left China late last month confident that Beijing’s efforts to stimulate its economy were a “very good” development for China and therefore Australia.
Chalmers is cheering on the stimulus because our future fiscal surpluses depend heavily on a new China boom to keep commodity prices elevated.
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Dr John Lee is a senior fellow at the Hudson Institute in Washington DC. From 2016-18, he was the senior adviser to the Australian foreign minister.
