The days of trade surpluses have gone, banished by the downturn in iron ore and coal prices, while the slump in imports shows the slowdown is still curbing demand, especially for capital goods.
Trade surplus
Market shocked by missing trade surplus
Just when we though our trade performance was on the up, a nasty reminder of our frailty, writes Glenn Dyer.
Uh oh … Is China heading for a crunch?
The Chinese economy is overheating, threatening the huge resources expansion here in Australia, as well as the immediate future of BHP Billiton’s ambitions for Rio Tinto, writes Glenn Dyer.
