Testimony from RBA governor Glenn Stevens in continuing
- Impossible to know if China's economy will have a sharper slowdown
- China is "continuing to slow"
- China is "responding to that with policy instruments in a way that will be supportive of growth"
- No economy that is that large grows that fast indefinitely
- China's economy will be driven more by services
- It's a huge transition that they're attempting
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These were out a little earlier. Who is listening to him live?
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Added - his testimony is still going, He's just said rates will stay low in US, Japan, EU for a number of years still to come