What Does a Slowdown in Chinese Demand Mean for Australia?

China’s economy grew by 6.6% in 2018, its slowest growth rate in nearly 30 years. Having surged over the last three decades to become the second largest economy in the world, the rest of the Asia Pacific countries have become highly dependent on China for trade. This is especially true for Australia, where China accounted for nearly 30% of total trade in 2018.