This afternoon, I would like to begin by highlighting how the financial linkages between China and Australia have grown over recent times and the potential for these linkages to grow substantially further. One of the factors that will obviously influence the speed with which that happens is the pace of reform in the Chinese financial system itself.
The public debt and growth Reviving growth is also the key to reducing the public debt, an element of inherent fragility in our economy, as it exposes us to the risk of financial shocks and creates underlying uncertainty, which in turn affects borrowing costs and discourages private investment.