As a country that is heavily dependent on China's economy, Australia expressed concern over the signs of weakness displayed by the world's second giant economy.
Australian Finance Minister, Jim Chalmers said that the government is now closely monitoring the economic situation in China which is feared to affect his country.
He said, growth in this country will be weaker due to China's slowdown and Australia's high interest rates.
The Reserve Bank of Australia (RBA) kept rates unchanged in August for the second consecutive month after raising them for 16 months to curb inflation.
China's economy has shown continued weakness in recent months and that could have clear implications for Australia.
The country's recovery has been stalled by a deepening crisis in the real estate sector, weak consumer spending and slumping credit growth.
Like Malaysia, Beijing is a major trading partner for Australian raw materials exporters, with annual trade of US$285 billion.
