China threat to trade is growing

Exports to China haven't fallen as much as those to other parts of the word despite mounting trade tensions. China has so far kept disruptions to trade to smaller export categories. But with reports this week that copper and metallurgical coal could be next in the firing line, the potential damage is growing. Meanwhile, the RBA launched quantitative easing this week as we've been predicting for months and we think it will extend its bond purchases beyond the current April deadline.