Australia Eyes Trade With India as China Spat Exposes Dependence

(Bloomberg) —

Australia’s escalating tensions with Beijing have shown up its reliance on China trade and propelled a push to increase links with Asia’s other giant economy, India.

New enrollments of international students from India expanded 32% in 2019 from a year earlier and it’s the fastest growing major market for Australian services. India has overtaken China as the largest source of net migration to Australia, and its diaspora is the third largest Down Under, just behind China and the U.K.



a screenshot of a cell phone: Shifted Growth Source


© Bloomberg
Shifted Growth Source

India’s swelling population — set to overtake China’s in 2027 — suggests ongoing opportunities for Australia to diversify a trade portfolio that currently makes it the developed world’s most China-dependent economy. The need to switch things up has accelerated as ties sank to their lowest ebb in 30 years after Canberra’s calls for an international inquiry into Covid-19’s origins was taken by Beijing as

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After Thursday Selloff And In-Line Jobs Report, Eyes On Tech Sector, “Reopening” Stocks

Right on the money.

That’s how you can sum up today’s payrolls report from the Department of Labor, which showed job growth of 1.4 million in August.  While down from around 1.7 million in July, the headline figure was exactly in line with Wall Street’s estimates. 

The data appeared to provide some early support to the major indices. Maybe some of yesterday’s heavy selling reflected people worrying about a possible bad number. Growth of 1.4 million is strong by historic standards and suggests the economy continues to recover from the crisis, but there’s definitely been a slide over the last few months. Growth was more than 4 million in June. 

What’s really surprising is the unemployment rate falling from double digits all the way down to 8.4%, something few if anyone had expected. An increase in government hiring for census workers might have played into that. Also, the number of

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