Chinese Correlation Co-efficient


This from the Australian Financial Review

…. Australia’s economic destiny is now more closely aligned with China than with any other nation in recent history, with the so-called “correlation coefficient” between GDP increases in both countries rising to 0.98 from 0.25 in the 1990s. Which means that weaker GDP growth in China pretty much results in an equally slower pace of economic expansion in Australia.

Fear over China’s growth rate
Michael Dwyer
AFR 29 December 2010, page 3


Tags: ,

One Response to “Chinese Correlation Co-efficient”

  1. In a hole, looking for new places to dig… « Says:

    […] By dwighttowers Australia is “jokingly” referred to as China’s quarry. The Australian economy is booming, and very tied to China‘s seemingly insatiable demand for raw […]

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: