- Australian exporters upbeat about resilience of China demand.
- On recent China trip, found confidence Beijing would do what was needed to sustain growth.
- Found striking confidence that China going into trade war with strong hand.
- China organizations expected large share of economic costs of tariffs would fall on US.
- China contacts expressed a determination not to cushion those costs.
- Found little expectations that yuan would be devalued to insulate US from tariffs.
- Possible could see more intense competition at home from Chinese firms discounting.
- Unclear how big an impact given limited overlap between Chinese and Australian output.
There's nothing on monetary policy here.
