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The Economy

President Xi Jinping's government is aiming for economic growth of around 6.5 per cent in 2017.

Chinese growth tops forecasts on strong investment, consumption

China's economy grew faster than expected in the second quarter as industrial output and consumption picked up and investment remained strong, though analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk.

The LNG plant at Gladstone in Queensland.

Australia falls behind Cameroon, Burkina Faso on tax

Australia is set to become the world's largest exporter of gas but its level of resource tax transparency falls behind Burkina Faso, Cameroon and Mongolia, a new global report has found, as the country forfeits billions of dollars in tax to multinational mining giants.

Activist investor Elliott has continued its campaign for a restructure of BHP.

Australia cuts export forecast after iron ore falls

Australia has revised down the value of its resources and energy export earnings in the financial year ended June by 4.6 percent, or nearly $10 billion, due largely to falling prices for iron ore, its most valuable export.

The high level of housing debt means interest rate hikes are a "potent weapon," Deloitte Access Economics says.

No need to fear a housing bubble, says HSBC economist

Soaring home prices in Australia's biggest cities are driven by strong demand and a lack of supply, rather than being a sign of a "bubble," according to HSBC Holdings local chief economist Paul Bloxham.

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