The effects of China’s demand for iron ore on the Australian economy

The effects of China’s demand for iron ore on the Australian economy
In your essay, you are expected to illustrate:
• The broad details of how China’s demand and Australia’s investment and supply of iron ore have evolved over the past 15 years (in brief)
• the impact of this event on the Australian macroeconomic cycle and labour demand
• the consequent challenges for fiscal and monetary policy in managing the macroeconomic cycle
• the opportunities and risks to the future of Australia’s ongoing iron ore (and more broadly its economic) engagement with China.