RBA Governor Philip Lowe said it’s “incredibly mutually advantageous” for Australia and China to keep the strong trading relationship in place. But he also emphasized “over time there is tremendous opportunities to broaden out our markets”.
“Australia is in a fantastic location on the globe,” he added. “We are close to the fastest growing region in the world, we have good relationships with Indonesia and India.”
Lowe also noted, “digitalization is not only helping Australians deal with the pandemic, but it will also boost productivity and can help drive future economic growth.”
