Last Updated November 07, 2008
Australia-China trade links resist turmoil
One market that has proved strong throughout the first year of global market mayhem is Australia. Rich in natural resources, supported by strong and relatively baggage-free domestic banks, and with an expanding China sucking in its exports, the country seemed living proof of the de-coupling theory, writes Helen Castell.
“Australia’s trade finance market is weathering the storm,” says Michael Wood, senior manager, structured trade and risk, international products at Westpac Banking Corporation.
