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WAGES: Chinese labour costs are expected to rise. Photo: iStockphoto

China comes back to the field

China won’t be able to sustain the economic growth rates of the past decade despite some positive signs emerging from our largest trading partner, economist Saul Eslake told a WA Mining Club lunch in Perth last week.

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Saul you are correct to suggest China will not sustain its present rate of growth considering USA, Europe and Australia. If one considers what they are doing on the African continent and like others, I am sure they have their eye on the "Stans". Yes, they won't sustain the growth, but over what period are we talking? 10 years is a long time and I suggest the signs are there to indicate a 10 year period around the same rates we experience at present would not be unreasonable.

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