China's slowdown no threat, says Bernanke

The former chairman of the Federal Reserve says China wont threaten global growth

The former Fed chairman says the slowdown in China's growth rate to under 7pc a year wont hurt the global economy but commodity exporters could be an exception.

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The benchmark S&P/ASX200 lifted 1.2 per cent to 4987.4 on Wednesday.

ASX posts second gain in 2016

Investors shrugged of China weakness and the threat of a bear market to deliver the sharemarket its second gain of the year.

China GDP slumps below 7 pc 

China's annual rate of economic growth dropped to 6.9 per cent last year, the slowest in 25 years.

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The housing boom is over: HSBC

Housing construction will make only a minimal contribution to economic growth in 2016, says HSBC chief economist Paul Bloxham