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If you read news about Aussie economy, the one in trade deficit is China, not Australia. Sino-Australian trade is more than 100 billions last year, and thank mining boom Aussie economy is still running OK. Chinese economic boom is like the savior of Aussie minning industry which contributes...

Australia benefits tremendously from the trade with China. And the growing China is main reason why Australia could be survived from GFC.Recent news indicates the economic relationship between Australia and China will be even closer in the future. Check news: Australia's 30 billion dollar...