Aussie outlook darkens as China eschews kitchen sink stimulus

When is new Chinese stimulus bad news for bulk commodity markets? When it looks like this, via Xinhua:

The annual Central Economic Work Conference was held in Beijing from Wednesday to Friday, as Chinese leaders charted course for the economy in 2019, a key year for the country to achieve its goal of building a moderately prosperous society in all respects by 2020.

In a speech at the conference, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, Chinese president, and chairman of the Central Military Commission, reviewed the country’s economic work in 2018, analyzed the current economic situation and arranged the economic work in 2019.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.