OPPOSITION finance spokesman Andrew Robb has warned that China's economic boom won't last forever. Romain Jerome Replica Watches
In an address to the Victorian Employers Chamber of Commerce and Industry, Mr Robb said the Federal Government was on a "hope and a prayer" that China's strength would continue to fund its spending measures.
He warned that a deterioration in Europe's sovereign debt crisis could lead to faltering demand for China's exports and damage Australia's economy.
The Government was relying too heavily on expected growth in China, Mr Robb said Omega Replica Watches, pointing to China's downgrade of its growth forecast for 2012.
"For the Gillard Government the China resources boom has been like the overtime the factory worker once enjoyed," Mr Robb said in Melbourne today.
"But boom times don't last forever.
"The Gillard Government won the lottery with the resources boom and are in the middle of wasting it."
