{
  "title": "Australia: Selected Issues",
  "publication": "IMF Staff Country Reports, February 20, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/02/20/australia-selected-issues-45632",
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  "summary": "This Selected Issues paper on Australia discusses prospects and ramifications of China’s economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economic transition. Trade in commodities and services are constantly growing.",
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      "heading": "Main findings",
      "content": "- The paper discusses prospects and ramifications of China’s economic transition.\n- Australia and China have strong linkages that are growing over time as China carries on with its economic transition.\n- Trade in commodities and services between Australia and China are constantly growing.\n- Australia has established itself as a dominant player in some key Chinese import needs, particularly for steel.\n- The stylized facts demonstrate that the rest of Asia is increasingly important for Australia.\n- Charts for tourism, education, and the destination of exports illustrate that both advanced and emerging Asia already have a growing impact.\n- The rest of Asia’s trade linkages with Australia are similar in size to the linkages between Australia and China.\n- China may be Australia’s largest trading partner, but the rest of Asia is also a rapidly growing region, with potential markets for Australian expansion."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Commodities, Housing, Housing prices, Inflation, Infrastructure, National accounts, Prices\n- Keywords: Asia and Pacific, Australia, China, core goods inflation, CR, East Asia, Global, household saving, Housing, Housing prices, IMF staff calculation, Inflation, inflation expectation, Infrastructure, infrastructure investment gap, investment balance approach, ISCR, services inflation\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 20, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484341872.002",
    "The paper discusses prospects and ramifications of China’s economic transition.",
    "Australia and China have strong linkages that are growing over time as China carries on with its economic transition.",
    "Trade in commodities and services between Australia and China are constantly growing.",
    "Australia has established itself as a dominant player in some key Chinese import needs, particularly for steel.",
    "The stylized facts demonstrate that the rest of Asia is increasingly important for Australia.",
    "Charts for tourism, education, and the destination of exports illustrate that both advanced and emerging Asia already have a growing impact.",
    "The rest of Asia’s trade linkages with Australia are similar in size to the linkages between Australia and China.",
    "China may be Australia’s largest trading partner, but the rest of Asia is also a rapidly growing region, with potential markets for Australian expansion.",
    "Subject: Commodities, Housing, Housing prices, Inflation, Infrastructure, National accounts, Prices",
    "Keywords: Asia and Pacific, Australia, China, core goods inflation, CR, East Asia, Global, household saving, Housing, Housing prices, IMF staff calculation, Inflation, inflation expectation, Infrastructure, infrastructure investment gap, investment balance approach, ISCR, services inflation",
    "**Country Report**"
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