Last year, we argued that Australia had several aces up its sleeve helping it to avoid recession despite the downturn in its largest trading partner — China. We were right. Now, China appears to be throwing in the towel on rebalancing and doubling down in a bid to kick-start growth. Refresh the chart in your browser | Edit chart in Datastream Last week, after keeping policy on hold for a year, the Reserve Bank of Australia (RBA) cut the cash rate by 25 basis points to an all-time low of 1.75%. That decision came less than a week after data