Economy

    Australian banker optimistic about China's demand

    (Xinhua)
    Updated: 2010-08-20 16:57
    Large Medium Small

    BRISBANE - The Reserve Bank's deputy governor Ric Battellino said here on Friday that the Reserve Bank was optimistic that China's demand for Australia's commodities would make up for some of the deficiency in productivity growth, leaving Australia at least a couple of years of continuous economic expansion still ahead.

    "Relative to prices of our imports, export prices are at their highest level in 60 years," Battellino told a group of business leaders at a council forum.

    "This is generating a large increase in income for the country: we are forecasting that Australia's gross income will rise by about 10 percent this year," the well-known banker predicted.

    Battellino also said the economic reforms over the past 30 years have made Australia a world-beating economy over the past two decades.

    Australia's economy had only experienced three quarters without economic growth since 1991, and annual growth had always been positive since the end of the early 1990s recession, he noted.

    "The period since 1991 is the longest period of growth that Australia has recorded for at least the past century," he said.

    Related readings:
    Australian banker optimistic about China's demand China's trade surplus likely to shrink
    Australian banker optimistic about China's demand July trade numbers hit record high
    Australian banker optimistic about China's demand China iron ore imports up 9% in July
    Australian banker optimistic about China's demand Chalco invests $1.35b in Rio's Simandou iron ore project in Guinea

    Battellino pointed out that the floating of the Australian dollar in the mid-1980s has been one of the key factors that had kept the run of annual economic growth unbroken, despite the Asian financial crisis of the late 1990s and the global financial crisis.

    He also rates labor market deregulation, such as enterprise bargaining, changes to competition and industry policy, and financial system reforms as important to Australia's economic performance.

    He also praised the fiscal management of Australia's governments over the past 20 years.

    "Budget surpluses were recorded in 10 of the 19 years since 1991. Government debt was reduced sharply, leaving Australia as one of the best positioned developed economies in terms of government finances," he said.

    亚洲欧洲美洲无码精品VA| 亚洲综合无码AV一区二区| 无码人妻丝袜在线视频| 免费无码婬片aaa直播表情| 日韩精品无码免费专区网站| 麻豆国产原创中文AV网站| 国产网红无码精品视频| 日韩乱码人妻无码中文字幕| 亚洲中久无码不卡永久在线观看| 精品多人p群无码| 欧美激情中文字幕| 日韩久久无码免费毛片软件| 亚洲av无码乱码国产精品 | 日韩人妻无码一区二区三区久久99| 一本大道久久东京热无码AV | 国产成人A人亚洲精品无码| 国产aⅴ激情无码久久| 日韩精品一区二区三区中文字幕| 亚洲人成人无码网www国产| 国产精品无码无在线观看| 无码少妇一区二区三区| 中文字幕人妻无码一夲道 | 亚洲欧美在线一区中文字幕| 中文在线天堂网WWW| 无码专区6080yy国产电影| 国产成人亚洲综合无码| 国产午夜片无码区在线播放| 变态SM天堂无码专区| 国产自无码视频在线观看| 国产精品无码久久久久| 99久久国产热无码精品免费久久久久| 少妇无码一区二区二三区| 久久久久久人妻无码| 国产午夜无码精品免费看动漫 | 人妻丰满熟妇岳AV无码区HD| 亚洲AV无码1区2区久久| 无码AV岛国片在线播放| 精品无码人妻一区二区三区品| 久久青青草原亚洲av无码app| 少妇精品无码一区二区三区| 国产亚洲精品a在线无码|