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Australia has to adjust to slower China growth - c.bank deputy gov

Published 09/09/2015, 01:12 pm
Updated 09/09/2015, 01:17 pm
© Reuters.  Australia has to adjust to slower China growth - c.bank deputy gov

SYDNEY, Sept 9 (Reuters) - Australia will have to get used to less extraordinary growth from China, a top Australian central banker said on Wednesday, noting the world's second biggest economy is adjusting to slower output growth and dealing with a soft phase in its business cycle.

Reserve Bank of Australia (RBA) Deputy Governor Philip Lowe also said the Chinese authorities' recent handling of the stock market crash has led some to ponder the general direction of Chinese policy, including the likely pace of economic reform.

"This is an issue that will bear close watching over the months ahead," he said at an event in Melbourne.

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