"It is concerning to see the weakness, the softness, in the recent weeks and months in the Chinese economy because it has obvious implications for us here in Australia,” said Australian Treasurer Jim Chalmers to Sky News television on Sunday per Reuters.

The news also quotes the Aussie policymaker as flagging substantial concerns about people voicing about Chinese economy.

Australian Treasurer Chalmers cites China’s slower growth, deflation, problems with property and banking sector, as well as softer exports growth, as the key concerns while also stating, “Our concerns for China in particular is something that we're monitoring very closely.”

More to come...