Abundant supply is driving commodity prices lower, but the good news is that Chinese demand for Australian resources will continue as its economy evolves, the Reserve Bank of Australia says.
The share market has closed weaker as a rising US dollar, sputtering Japanese economy and pending changes for the financial system weigh on investor sentiment.
Financial Services Council chief John Brogden says a China trade agreement is not enough on its own to open the Chinese market for Australian fund managers.
Fresh slides in oil prices have put some of Australia's biggest energy players under pressure and pushed the share market to its worst weekly performance in more than a month.
The Reserve Bank of Australia is confident the economy will gradually pick up pace in the next couple of years, with the labour intensive services sector a key driver.