China’s strong growth ensures stable world economy: Economists

SYDNEY – Leading Australian economic experts say China’s first quarter economic results have driven the global economy to success. For the first quarter of 2017, China exceeded expectations, recording a 6.9-percent increase in gross domestic product, or GDP. The result was incredibly positive according to the James Laurenceson, deputy director of the Australia China Relations Institute… Read more

Australia scraps skilled migrant visa to protect jobs

Two new, shorter and closed-ended temporary visas will replace the 457 skilled migrants visa program CANBERRA, Australia – The country’s skilled migrant visa will be abolished in favor of a new “Australians first” approach, Prime Minister Malcolm Turnbull said on Tuesday. In a video posted on social media on Tuesday, Turnbull announced that the 457 skilled… Read more

China’s economic growth to contribute $125b to Australian economy: Expert
CANBERRA — Strong growth of the Chinese economy, coupled with the Reserve Bank of Australia’s (RBA) decision to cut interest rates to record lows, are expected to deliver a AU$165 billion ($125 billion) boost to the Australian economy, according to Deloitte Access Economics. Recently, China reported an annual growth rate of 6.9 percent for the first… Read more