By Wayne Cole and Stella Qiu
SYDNEY (Reuters) – For Australia, China has become the Golden Goose that’s always about to stop laying.
For more than three decades now, barely a year has passed where a China crisis was not just around the corner, certain to shut down the rivers of gold flowing into Australia’s trade coffers.
The latest scares have come in the form of a collapse in China’s stock markets and a failure of developer China Evergrande and what it might mean for the property sector, a backbone of China’s economy.
That should be bad news for Australia given the sector is a major user of steel and thus iron ore, the country’s single biggest export earner.
Yet while China plays an outsized role, David Goodman, Director of the China Studies Centre at the University of Sydney, rejects the idea Australia is dependent on it.
“Our two economies, well, they’re fully complementary but the difference is we are really open in the world…
