September 30, 2010 9:47 AM

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IMF warns Australian govt. about its reliance on China-fuelled resources boom

The International Monetary Fund has warned the Australian Government about its increased reliance on the China-fuelled resources boom. In a largely positive assessment of Australia's economic prospects, the IMF says there are risks that Chinese demand could taper off, or that the global recovery might stall.Throughout the global economic crisis, Australia has remained the envy of the developed world, thanks largely to the China-fuelled resources boom.

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