Economics

The Chinese Economy: What China is Doing Right

December

1. The latest forecasts from the IMF say that China’s economy will be 44 percent bigger in 2020.[1] This compares with –

  • 16 percent for the U.S[2]
  • 5 percent for Japan[3]
  • 45 percent for India[4]

 

What a China FTA means for Australia and its workers

December

1. China’s economy is worth $A11.6 trillion. In 2014 alone it grew by $A872 billion, more than half the value of Australia’s GDP.[1] The China FTA gives Australia better access to this market than any other country.

How Chinese Business Leaders View Australia

December

In February 2015 ACRI commissioned Zogby Research Services to conduct a poll of Chinese business leaders on their attitudes towards Australia.


1. Chinese business leaders1 are overwhelming positive in their views towards Australia: 93 percent said that their overall impression is favourable or very favourable.2 This compares with:

China’s “New Normal” Growth

December

In 2014, China’s growth rate slowed to 7.4 percent. This was down from 10.4 percent in 2010. This ACRI Fact Sheet explains what China’s “new normal” growth rate means for the world economy.

Chinese Investment in Australian Residential Real Estate

December

  1. Domestic buyers are responsible for 85.2 percent and 91.3 percent of demand for new and established residential real estate, respectively.1
     

China Policy Under the Abbott Government

December

The Abbott Government was elected on September 7 2013. This ACRI Fact Sheet provides an overview of Australia’s relations with China under the Abbott Government.

Missteps and a Hard Line

The new government ventured into China diplomacy a month after winning power.

On October 4 at a Trilateral Strategic Dialogue in Bali, Australia joined the US and Japan in a joint statement opposing “any coercive or unilateral actions that could change the status quo in the East China Sea”.1

The Queensland - China Economic Relationship

December

1. The annual value of Queensland’s goods exports to China is $10.8 billion.1 This is –

1.3 times that to Japan

2.3 times that to India

2.4 times that to Korea

 


2. The value of Queensland’s goods exports to China increased by $4.5 billion in the past five years. Exports to –

Japan fell by $6.5 billion

Korea fell by $1.8 billion

India fell by $0.5 billion

 

The Australia-China Economic Relationship

December

1. The annual value of Australia’s goods1 and services2 exports to China is $108 billion. This is –

2.1 times that to Japan

6.7 times that to the U.S.

10.5 times that to India

 


2. The value of Australia’s goods and services exports to China increased by $64 billion in the past five years. Exports to –

India fell by $8.1 billion

Japan fell by $4.7 billion

The banquet has only just begun for Queensland

December

By James Laurenceson

Note: This article appeared in The Courier Mail, November 19 2014.

The world leader most important to Queensland has just left the building. And it wasn’t Barack Obama or Shinzo Abe. Chinese President, Xi Jinping, thanks for stopping by.

When China overtook Japan to become Australia’s largest customer for goods exports five years ago, Queensland remained a bastion of the old order. At the end of 2008, Queensland’s goods exports to Japan were five-and-a-half times the value of China. Those to Korea and India doubled China as well.

Australia-China free trade only a first step to real partnership

December

By James Laurenceson

Note: This article appeared in The Conversation on November 17 2014.