Trade Dispute: Students and Visitors

trade dispute: Even a weakening Aussie dollar hasn't managed to halt the downturn. ; We suspect the trade dispute is a large reason for the decline, said Hayden Dimes, an economist at Australia & New Zealand Banking Group Ltd, according to The Japan Times. It creates uncertainty for both visitors and, in particular, students. The number of visitors from China increased just over 1 percent in the 12 months through July, matching the weakest rate in nine years, while the growth in students traveling Down Under to attend university has also slowed rapidly. Dimes reckons that if the slowdown in Chinese students and visitors is prolonged, it could cost Australia's economy the most China-reliant in the developed world about 800 million Australian dollars 543 million over the next two years. Australia has so far mostly benefited from the U.S.-China trade dispute Beijing's stimulus to offset weaker shipments has boosted demand for its commodities and the lower Aussie dollar is making firms more competitive. Austrade, the government's trade promotion and investment attraction agency, is already scaling back forecast tourist arrivals. (news.financializer.com). As reported in the news.