Posted by Matt in May 6th, 2008
It has fuelled a 17-year economic boom in which truck drivers can earn £60,000 a year, property prices have soared and there are not enough pilots to fly desperately needed mining engineers into dusty desert camps.
Australia is growing rich from China’s insatiable appetite for raw materials, selling billions of pounds worth of iron ore, coal and other minerals almost as fast as they can be dug out of the ground.
The stock exchange has hit record levels, unemployment has dipped to its lowest level for a generation and last year China eclipsed Japan as Australia’s biggest trading partner.
But there are growing signs of unease in Australia about the seemingly unstoppable ascendancy of the Chinese dragon.
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Map for Kalgoolie, Australia
[Countries link to CIA Factbook. States link to Wikipedia.]
Flickr Tags: Australia, China, Minerals
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Sichuan earthquake and inflation
http://www.interest.co.nz
Chinese earthquake and what it means for global economy and New Zealand
Economics the Dismal science
Death toll over 11,900 in Sichuan earthquake
But what does it mean for inflation and demand for commodities from China
This matters because China is our third largest trading partner and the RBNZ
Is watching inflation closely in Asia and Australia, our largest trading partner
Australia is exporting the iron ore, coal, nickel and other minerals that power China's industrialization
China now biggest consumer of concrete and steel in the world
So when an earthquake hits and causes so much destruction, it's worth trying to understand what it means for the global economy
Citigroup estimates earthquake hit regions generate 18% of Chinese GDP
But it sees the biggest...
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Hot Springs Mornington Peninsula Chinese celebrities playing
Priveat hot mineral spring pool at Peninsula Hot Spring, Mornington Peninsula, Victoria, Australia.
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Ampcontrol
www.ampcontrol.com.au
Ampcontrol is built on a wealth of knowledge and experience. Founded in 1968, the Ampcontrol Group of Companies operates 18 sites Australia wide, three internationally, in China, New Zealand and United Kingdom, and employs over 800 people.
Ampcontrol is one of Australia's leading international suppliers of electrical and electronic products to the power and mining sectors. We pride ourselves on providing superior products and service to all our market sectors, including Heavy Industry, Mining, Mineral Processing & Refining, Power Generation & Distribution, Traction, Defence and Oil & Gas.
Tags: Allenwest, Ampcontrol, Austech, Brite, Burn, Electrical, electronics, Engineering, Instruments, Substations, Transformers, Wallacetown
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America's National Parks and Forests
TO ORDER: www.MyPCTalks.com
Now the magnificent beauty of the national park system is available on your TV or PC. This video includes stunning videos of America's great national parks, forests and historical monuments. The videos are indexed so you can quickly see each park.
Spectacular DVD videos - You'll see the breathtaking scenery of Yosemite and Yellowstone, activities such as snowmobiling, skiing, biking, horseback riding and climbing Mt. Rainier, wildlife such as bison, elk, swan, deer, and alligators, the quiet beauty of Acadia, the grand rock formations of Utah's parks, Alaska's parks, the Grand Canyon, Great Smoky Mountains, Cape Cod, Mt. Rushmore, The Statute of Liberty, Crater Lake, Manassas Battlefield, the Everglades, Big Bend, Arches, Bryce Canyon, plus many other...
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Daily Briefing, Wednesday March 05, 2008
Intro
Hello. I'm Bernard Hickey with the daily briefing from interest.co.nz...
Today, we'll look ahead to tomorrow's decision by Reserve Bank governor Alan Bollard on our official interest rates and what it might mean for people taking our mortgages and investing in term deposits,
And we'll have a good close look at the sewerage system in Alabama's largest city. Believe me it's worth the wait because it may eventually effect interest rates here.
Story 1,
But firstly, we look ahead to tomorrow morning's decision by the Reserve Bank governor Alan Bollard on our official cash rate.
The headline is that all economists expect him to keep the cash rate on hold at 8.25%. That bit's not in debate.
The key question will be what he says might be the bank's next move and his general commentary on...
Tags: borrow, business, economy, finance, interest, invest, news, nz
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