The key points are:
Chinese growth is running around 5% and while threats remain high – with the property downturn and tariffs – policy stimulus is likely to be enough to keep growth okay.
However, longer term structural challenges – around excess saving, demographics and state control – will likely see growth slow to around 3% pa over the next decade.
Australia is now less sensitive to China, but Chinese growth is likely to be enough to keep the iron ore price elevated.