‘Worrying Signs’: Treasurer Says Australia Keeping Close Eye on Chinese Economy

‘Worrying Signs’: Treasurer Says Australia Keeping Close Eye on Chinese Economy
Australian Treasurer Jim Chalmers speaks to the media during a press conference to announce the newly appointed RBA governor at Parliament House in Canberra, Australia, on July 14, 2023. AAP Image/Lukas Coch
Rebecca Zhu
Updated:
0:00

Australian Treasurer Jim Chalmers warned that global economic uncertainty is expected to slow the Australian economy “considerably,” noting that the Chinese economy was displaying “some worrying signs.”

“I’m not going to pretend otherwise. There have been some developments out of China that we are monitoring incredibly closely,” Mr. Chalmers told the national broadcaster ABC’s Insiders program on Sunday morning.