Economics
RBA's Lowe Aligns Australia With China Amid Trump Protectionism
- Central bank chief addresses nations’ deepening economic ties
- His speech coincides with fresh political tensions this week
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Australia’s central bank chief Philip Lowe said his nation and China together can be a force supportive of an open global trading system.
Lowe, in the text of a speech to an audience containing numerous China experts in Sydney Wednesday, addressed the deepening economic ties between the two nations and the risks in the Chinese financial system. He said the relationship had “greatly benefited” Australia, but also China, meaning both sides have a strong interest in managing it well.