No-one can say for sure, of course, whether it will continue for a long time, but it does appear to be in distinct contrast to the previous long-term downward trend in Australia’s terms of trade. 1  4  Source of these figures is the International Energy Agency (IEA), an inter-governmental body within the OECD.
BIS Review 34/2004  Certainly, it is beyond serious dispute now that the weight of China in the world economy - both in its secular growth rate, and the dynamic of its business cycle - is something which has to be carefully considered.