Reported about 14 hours ago
Australia is experiencing relief from inflation through an influx of affordable Chinese goods from e-commerce platforms like Alibaba's Taobao and JD.COM. This shift aids consumers and policymakers as inflation slows and interest rates are cut. With a significant reliance on imports, the Reserve Bank of Australia anticipates that these cheap imports may lower inflation further, especially as the U.S. sees rising prices. The recent entry of these platforms into the Australian market aligns with broader trends of Chinese goods seeking new markets amid domestic economic slowdowns.
Source: YAHOO