China’s property crisis could wipe $3b from federal budget

Plummeting iron ore prices on the back of China’s cooling property market could cost the federal government $3 billion in revenue and push the budget further into deficit this financial year. Plummeting iron ore prices on the back of China’s cooling property market could cost the federal government $3 billion in revenue and push the budget further into deficit this financial year. Iron Ore, Federal Government, Budget Latest business news