Ricardo's Business: China up, confidence down, rates ?

China's economy continues to grow, with the latest result coming in better than expected.

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Inflation may have also peaked, suggesting aggressive interest rate rises in the country may be unlikely, further spurring economic growth.

That's likely to boost demand for Australia's resources. But in another sign of our nation's two speed economy, consumer confidence has slumped dramatically, with the talk of rate cuts domestically continuing.


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By Ricardo Goncalves
Source: SBS

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Ricardo's Business: China up, confidence down, rates ? | SBS News