This morning, I would like to discuss some of the issues that are likely to shape the economic environment over 2012. These issues were also set out in the Reserve Bank’s quarterly Statement on Monetary Policy that was released last Friday.
China is aggressively pursuing its outward investment to support economic growth, embedded into its ambitious silk road strategy. So we have to prepare and open our arms for greater investments from China, as we have done to Japan and South Korea. These are what we see from the global economic and financial condition.