A great wall for Australia's mining boom

China's desire to shift the source of its growth will inevitably slow Beijing's long-term demand for Australian minerals exports. However, there will be opportunities in the new economy.

As this week's business investment survey reminded us, the mining boom is the biggest economic event in Australia for decades. The last quarter of the calendar year was weaker than expected but if the survey is right, business investment this financial year as a whole will be more than a third higher than last year, and next year it will be higher by another third. Already much bigger than usual, business investment will soon account for nearly one-fifth of Australian output.

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