Australian Treasurer Focused on Domestic Household Spending Over China

Australian Treasurer Focused on Domestic Household Spending Over China
Treasurer Josh Frydenberg announced controversial proposed changes to the National Consumer Credit Protection Act 2009 in September. Sam Mooy/Getty Images
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Federal treasurer Josh Frydenberg has acknowledged escalating trade tensions with China are very serious, but insists Australia will dig itself out of the COVID-19 economic slump.

Frydenberg argues household spending—rather than exports—will drive Australia’s economic recovery.