Daniel Moss, Columnist

Why Bad News for China Is Good News for Australia

Beijing’s efforts to buttress growth are having positive spillovers in surprising places.

July 2, 2019 at 5:12 AM UTC

Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously, he was executive editor for economics at Bloomberg News.

Steel mills humming in China means demand for iron ore in Australia.
Photographer: Ian Waldie/Bloomberg

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Bad news in China might just be good news for Australia.

That may sound counterintuitive, given the two economies are so closely intertwined. But Beijing’s efforts to stimulate its slackening economy are boosting the price of iron ore, among Australia's biggest exports. Steel mills in China are humming. Tax cuts and steps to boost consumption stand to shore up Australia in other ways.