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China set to rescue Aussie economy at just the right time

Rebound in Chinese demand for commodities pushing coal, iron ore prices higher and boosting Australian exports

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Surging coal and iron ore prices have helped ease an erosion of national income Down Under and, together with a slower slide in mining investment, signal better prospects ahead.

Sydney

THE news out of Australia isn't all gloom.

While growth figures stank last quarter, the nation is again being cushioned by its status as the developed world's most China-dependent economy. Surging coal and iron ore prices have helped ease an erosion of national income Down

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