Bailing out China's economy has suddenly become more urgent
Multiple rounds of financial stimulus have slowed the pace of China's economic slowdown, but they've failed to help it reverse course.
Ian Verrender is the ABC's Chief Business Correspondent. A journalist for more than 40 years, Verrender began working in print in 1981 as assistant economist for Rural Press and later freelanced for The Bulletin before moving to AAP-Reuters. He spent 25 years at The Sydney Morning Herald in a variety of roles including Senior Writer, Business Editor and Senior Business Commentator. He joined Business Spectator and Eureka Report in 2012 and since 2005, also worked at Sydney radio station 2UE providing early morning business commentary. He joined the ABC as Business Editor in 2014.
Multiple rounds of financial stimulus have slowed the pace of China's economic slowdown, but they've failed to help it reverse course.
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With growth at the slowest pace in Australia since the recession of the early 1990s, we are now faced with an ongoing economic crisis in China — our biggest trading partner — and the prospect of a global economic slowdown.