Australia's central bank projects that the economy will grow "below trend" in the coming year, but it is optimistic that China's slowdown could prove temporary.
Minutes from The Reserve Bank of Australia's May 6 meeting note that China, the nation's largest trading partner, remains on track for 7.5 per cent annual growth.
There were some signs that the recent slowing could be temporary, with real fixed asset investment growing at a similar pace to recent quarters and the authorities indicating a willingness to support investment growth, if needed, to achieve the target for output growth.
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