01.07.2014 - Australia’s dependency on China commodity appetite rises
Australia still has the Union Jack on its flag and the British queen on its coins, and was once described as the US “deputy sheriff” in Asia, but the real dependency relationship is with China. Nowhere is this reality made more clear than in the quarterly outlook by the Bureau for Resources and Energy Economics (BREE), the government agency responsible for commodity exports and other forecasts. In the 2002-03 fiscal year, the biggest buyer of Australian resource and energy exports was Japan, which took 15% and 39% of the respective totals, according to BREE’s Resources and Energy Quarterly published June 25...............................................Full Article: Source
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