The prospect of a Chinese slowdown has brought about little panic in Australia, where analysts believe it will lead to a stimulus programme that will ensure strong demand for Australian resources.

The Australian economy is deeply reliant on its booming trade with China, which accounted last year for an extraordinary 24.4 per cent of Australia's trade, or A$195 billion (S$264 billion). This was almost as much as the amount of the entire trade with Australia's next three biggest partners: Japan, the United States and South Korea.