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China and Indonesia: New strategic partnership

China and Indonesia have agreed to deepen their strategic partnership. The joint declaration was released on 10 November 2024 at the conclusion of Indonesian President Prabowo Subianto’s state visit to China, which spanned from 8 to 10 November — his first international trip since assuming office. President Xi Jinping highlighted the “profound traditional friendship and

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China unveils $2.1 trillion debt support plan: Markets react cautiously

On Friday, China announced a significant 10 trillion yuan (A$2.1 trillion) stimulus package aimed at addressing its growing local government debt burden. The measures, approved at the conclusion of the National People’s Congress Standing Committee week-long session include raising debt ceilings by 6 trillion yuan over the next three years to help local governments swap

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Australia braces for Trump slump

Treasurer Jim Chalmers has cautioned that Australia will feel the impact of trade tensions arising from Donald Trump’s election as US president, warning of potential economic challenges. In a speech set to be delivered at the Australian Institute of International Affairs today, Chalmers will outline Treasury’s findings on Trump’s proposed trade policies, which include significant

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