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Parliamentary Questions


Question Without Notice No. 937 asked in the Legislative Council on 18 October 2022 by Hon Sophia Moermond

Parliament: 41 Session: 1

CHINA — ECONOMY

937. Hon SOPHIA MOERMOND to the minister representing the Treasurer:

My question is to the Leader of the House representing the Treasurer. Federal Treasury has significantly downgraded its growth expectations of the Chinese economy from 4.75 per cent to just three per cent, as the country contends with a major housing slump and virus-related lockdowns.

(1) Has the government revised its own economic growth expectations considering that China is our leading trading partner?

(2) What impacts does the government forecast the Chinese economic slump will have on rural and regional parts of WA, many of which are reliant on revenue from the resource sectors, which will be significantly affected by this?

Hon STEPHEN DAWSON replied:

I thank the honourable member for some notice of the question. I am answering this as the representative of the Treasurer in this place; it is not the Leader of the House.

(1) Global outlook and risks, and implications for Western Australia's economy and finances will be provided as part of the 2022–23 Government mid-year financial projections statement, which is due for release in December 2022.

(2) Western Australian exports to China remain robust, totalling $127 billion over the year to August 2022. This is one factor driving the strong employment and economic growth being experienced in Western Australia, including in the regions.