China grasps for a growth alternative

As China's state-dominated fixed investment model runs out of steam and Beijing looks for alternatives, China forecasts will be fraught with trouble.

Recent comment by our straight-shooting resources minister Martin Ferguson that "the resources boom is over" (following BHP’s decision to shelve the $30 billion Olympic Dam project) was immediately met by rebuttals from finance minister Penny Wong and trade minister Craig Emerson.

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