Malcolm Turnbull and Xi Jinping

There’s an economic elephant in the vast, featureless waiting room that is the 2016 Australian election campaign: the Chinese economy.

No other developed nation on the planet is so reliant on China as a customer, and the prices of the main goods that Australia sells to the world’s largest economy look set for another hit, as recent optimism that China’s falling growth had stabilised has proven unwarranted.