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Slowing Chinese economy on Aus living standards

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hdxx:
The Chinese economy has reached the point we hoped it wouldn’t – growth has slowed and their demand for our mineral exports has decreased.’

Outline one possible effect of the slowing of the Chinese economy on Australian living standards. 2 marks

Can anyone assist in the affect this will have on living standards?
Thanks

Chelsea f.c.:
Australia exports minerals to China so reduced demand for minerals will decrease exports and hence output where living standards is GDP per capita so a reduction in output will reduce living standards... maybe try to understand through looking at output equation... good luck for exam =)

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