Anything that is "good" for china, will eventually flow on to Australia. The 2008 GFC, wasn't just the RUDD cash spend that saved the economy, but the massive buying of IO from china. News from the grounds is that the chinese government is starting to give out vouchers to booast spending. Note, most chinese save up, rather then spend, hence a voucher with an expiry date makes more sense for the country. While the Afterpay milleniums will just spend once they receive money. Hopefully, this will translate to better economic activities for Australia.
Hey FD, do you think you can ask your daughter whats it like in china at the moment? In terms of economic activities.
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