Asia's hot pot minus US money

As China's new government curbs spending and QE vibrations ripple through the region, Australian trade industries have reason to worry.

If there is one clear message coming out if the 2013 Australian Leadership Retreat at Hayman Island, it is the increased danger of setbacks in China and India in the next year or so. And just as uncertainty is holding back Australian industry in China, consumers can also feel the whiff of uncertainty. It was explained that one of the larger upmarket food chains has seen a 40 per cent fall in its Chinese sales. There have been sharp drops in other industries, although some of the slowdown is related to new officials finding their feet. The government has banned any new government buildings for the next five years.


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