The T3 train line from Bankstown to Sydenham has officially closed for Metro upgrades. Follow today’s news liveTreasurer raised trade restrictions on lobsters with Chinese leadersAsked about the trade restrictions on Australian lobsters by China, Jim Chalmers said:We’ve got a bit more work to do on lobster, but I was able to convey directly to Chinese leaders that we want to see the speedy resolution of those issues.It’s a really important part of stabilising the relationship, which is full of complexity and full of economic opportunity. And while I was there, the Chinese authorities announced some quite substantial steps when it comes to supporting growth in the Chinese economy. We’ve made it really clear that weakness in the Chinese economy has been a big concern for us. It’s a big part of the global economic uncertainty that we’re dealing with …If you look at our Treasury forecasts in the budget, we’re anticipating the weakest few years of Chinese growth, really, since that economy opened up in the late 1970s [and] that’s been a big concern for us. We’ve been upfront about that, so any efforts to try and turn that around in China is a good thing for us. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2024/sep/30/australia-news-live-qantas-strikes-sydney-train-sydnenham-bankstown-albanese-dutton-chalmers-budget-surplus-labor-liberal-nsw-vic-qld
Author : Emily Wind
Publish date : 2024-09-29 23:33:10
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Australia news live: Sydney commuters face first day of train line closure; Chalmers says he got advice on ‘contentious’ negative gearing changes
