Aussie angst and some feedback loops!

Given that Australia has effectively become a satellite country of China—a country we are told is “booming” with growth--does the news item from Bloomberg this morning strike anyone else as a bit odd? [Our emphasis]

July 17 (Bloomberg) -- The value of Australian exports plunged in the second quarter by the most in almost 25 years as coal prices tumbled 36.8 percent and the nation’s currency rose.