Australia to cash in on China's economic growth
<p><span word="Download">Download</span></p><p><span word="Despite">Despite</span> <span word="the">the</span> <span word="economic">economic</span> <span word="slowdown">slowdown</span>, <span word="China">China</span>'<span word="s">s</span> <span word="economic">economic</span> <span word="expansion">expansion</span> <span word="plan">plan</span> <span word="for">for</span> <span word="the">the</span> 2011 15 <span word="period">period</span> <span word="and">and</span> <span word="its">its</span> <span word="increasingly">increasingly</span> <span word="surging">surging</span> <span word="demand">demand</span> <span word="for">for</span> <span word="commodities">commodities</span> <span word="such">such</span> <span word="as">as</span> <span word="iron">iron</span> <span word="ore">ore</span> <span word="and">and</span> <span word="coal">coal</span> <span word="will">will</span> <span word="continue">continue</span> <span word="to">to</span> <span word="spur">spur</span> <span word="growth">growth</span> <span word="in">in</span> <span word="Australia">Australia</span>, <span word="China">China</span>'<span word="s">s</span> <span word="top">top</span> <span word="envoy">envoy</span> <span word="to">to</span> <span word="Australia">Australia</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="economic">economic</span> <span word="slowdown">slowdown</span> <span word="could">could</span> "<span word="affect">affect</span> <span word="China">China</span>'<span word="s">s</span> <span word="demand">demand</span> <span word="for">for</span> <span word="mineral">mineral</span> <span word="goods">goods</span> <span word="in">in</span> <span word="the">the</span> <span word="short">short</span> <span word="term">term</span>, <span word="but">but</span> <span word="from">from</span> <span word="a">a</span> <span word="long">long</span>-<span word="term">term</span> <span word="perspective">perspective</span>, <span word="it">it</span> <span word="is">is</span> <span word="unnecessary">unnecessary</span> <span word="for">for</span> <span word="us">us</span> <span word="to">to</span> <span word="worry">worry</span> <span word="about">about</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="economy">economy</span> <span word="and">and</span> <span word="its">its</span> <span word="demand">demand</span> <span word="or">or</span> <span word="to">to</span> <span word="hold">hold</span> <span word="any">any</span> <span word="doubts">doubts</span> <span word="about">about</span> <span word="the">the</span> <span word="closer">closer</span> <span word="bilateral">bilateral</span> <span word="economic">economic</span> <span word="and">and</span> <span word="trade">trade</span> <span word="relations">relations</span> <span word="between">between</span> <span word="China">China</span> <span word="and">and</span> <span word="Australia">Australia</span>," <span word="said">said</span> <span word="Chen">Chen</span> <span word="Yuming">Yuming</span>, <span word="China">China</span>'<span word="s">s</span> <span word="ambassador">ambassador</span> <span word="to">to</span> <span word="the">the</span> <span word="resource">resource</span>-<span word="rich">rich</span> <span word="nation">nation</span>.</p><p>"<span word="China">China</span> <span word="will">will</span> <span word="continue">continue</span> <span word="to">to</span> <span word="be">be</span> <span word="the">the</span> <span word="growth">growth</span> <span word="engine">engine</span> <span word="of">of</span> <span word="the">the</span> <span word="Australian">Australian</span> <span word="and">and</span> <span word="global">global</span> <span word="economies">economies</span> <span word="in">in</span> <span word="the">the</span> <span word="next">next</span> <span word="five">five</span> <span word="years">years</span>," <span word="he">he</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="global">global</span> <span word="financial">financial</span> <span word="crisis">crisis</span> <span word="and">and</span> <span word="eurozone">eurozone</span> <span word="debt">debt</span> <span word="woes">woes</span> <span word="have">have</span> <span word="taken">taken</span> <span word="a">a</span> <span word="toll">toll</span> <span word="on">on</span> <span word="developed">developed</span> <span word="economies">economies</span>. <span word="The">The</span> <span word="United">United</span> <span word="States">States</span>, <span word="with">with</span> <span word="a">a</span> <span word="stubbornly">stubbornly</span> <span word="high">high</span> <span word="unemployment">unemployment</span> <span word="rate">rate</span>, <span word="has">has</span> <span word="launched">launched</span> <span word="its">its</span> <span word="third">third</span> <span word="round">round</span> <span word="of">of</span> <span word="quantitative">quantitative</span> <span word="easing">easing</span>, <span word="also">also</span> <span word="called">called</span> <span word="QE">QE</span>3.</p><p><span word="Unlike">Unlike</span> <span word="previous">previous</span> <span word="programs">programs</span>, <span word="the">the</span> <span word="third">third</span> <span word="round">round</span> <span word="has">has</span> <span word="no">no</span> <span word="defined">defined</span> <span word="limit">limit</span> <span word="and">and</span> <span word="will">will</span> <span word="continue">continue</span> <span word="until">until</span> <span word="the">the</span> <span word="labor">labor</span> <span word="market">market</span> <span word="improves">improves</span>.</p><p><span word="And">And</span> <span word="while">while</span> <span word="many">many</span> <span word="European">European</span> <span word="countries">countries</span>, <span word="especially">especially</span> <span word="Greece">Greece</span> <span word="and">and</span> <span word="Spain">Spain</span>, <span word="face">face</span> <span word="mounting">mounting</span> <span word="debt">debt</span> <span word="problems">problems</span>, <span word="the">the</span> <span word="European">European</span> <span word="Central">Central</span> <span word="Bank">Bank</span> <span word="recently">recently</span> <span word="sent">sent</span> <span word="its">its</span> <span word="strongest">strongest</span> <span word="signal">signal</span> <span word="that">that</span> <span word="it">it</span> <span word="will">will</span> <span word="use">use</span> <span word="unlimited">unlimited</span> <span word="monetary">monetary</span> <span word="resources">resources</span> <span word="to">to</span> <span word="save">save</span> <span word="the">the</span> <span word="euro">euro</span>.</p><p>"<span word="Australia">Australia</span> <span word="is">is</span> <span word="the">the</span> <span word="only">only</span> <span word="OECD">OECD</span> <span word="nation">nation</span> <span word="that">that</span> <span word="has">has</span> <span word="not">not</span> <span word="been">been</span> <span word="affected">affected</span> <span word="by">by</span> <span word="the">the</span> <span word="global">global</span> <span word="financial">financial</span> <span word="fluctuation">fluctuation</span> <span word="and">and</span> <span word="has">has</span> <span word="led">led</span> <span word="growth">growth</span> <span word="among">among</span> <span word="developed">developed</span> <span word="nations">nations</span> <span word="since">since</span> 2008," <span word="Chen">Chen</span> <span word="said">said</span>.</p>
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