Abstract:Western economies, including Australia, have benefited from several decades of extraordinary Chinese expansion. Yet, in recent years, slowing growth and demographic decline has diminished these gains, while geopolitical developments have further restricted growth‐driving commerce. Our purpose is to review key sources of recent contractionary changes within China and to assess their likely consequences for the West. Modelling scenarios emerge that see future economic losses in China and abroad, with the worst a… Show more
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