China’s Economy Is ‘Slowing Quite Considerably’: Australian Treasurer

A Chinese vendor sells sneakers and shoes in the street in front of a sign showing Chinese President Xi Jinping with "China Dream" written on it, on April 9, 2017 in Shijiazhuang, Hebei province, China. Photo by Kevin Frayer/Getty Images

Australian Treasurer Jim Chalmers has expressed concerns about the Chinese economy, which he said is taking a downturn, and noted that this would have an impact on the Australian economy.

Mr. Chalmers noted that the situation China is facing now is “a very different combination of challenges compared with most of the rest of the world.”