THE DISTILLERY: Chinese whispers

Jotters speculate on what China's shift towards domestic consumption means for Australia's non-resource sectors.

China’s boom helped Australia roar out of the global financial crisis. Now, the transition of China, and indeed Asia more broadly, towards more domestic consumption is showing what Australia is made of without a mining sector that booms automatically. This shift forms the basis of this morning’s edition of The Distillery.

Firstly, Fairfax’s John Garnaut writes about how he was told almost three years ago by eminent Chinese economist Yu Yongding that China could continue going gangbusters for five years…then it would have its "Wile E Coyote” moment.

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