According to a report by The Wall Street Journal on May 22nd, Andrew Hauser, the deputy governor of the Reserve Bank of Australia (i.e., the central Bank of Australia), believes that China has the ability to stimulate economic vitality and the determination to achieve growth targets, and is ready to face the challenge of trade disputes with the United States.

Hauser visited China in early April. At that time, it was when US President Trump introduced the so-called “reciprocal tariffs” and eventually set the tariff amount on China to an extremely exaggerated level. Therefore, the international community is very concerned about whether China’s economic situation will be impacted, and Australia is no exception. China is by far Australia’s largest trading partner. Any change in the Chinese economy will have a ripple effect on Australia.