Australian Treasurer Focused on Domestic Household Spending Over China

Treasurer Josh Frydenberg announced controversial proposed changes to the National Consumer Credit Protection Act 2009 in September. Sam Mooy/Getty Images

Federal treasurer Josh Frydenberg has acknowledged escalating trade tensions with China are very serious, but insists Australia will dig itself out of the COVID-19 economic slump.

Frydenberg argues household spending—rather than exports—will drive Australia’s economic recovery.