Economics

China trade to go beyond the boom

December

By James Laurenceson

Note: This article appeared in The Australian Financial Review on June 14 2014.

Japan has a population of 128 million, China 1.4 billion. Japan’s economy is already mature. China only entered the ranks of upper middle-income countries in 2011, and the World Bank expects that the transition to a mature, high-income economy will take at least another 15 to 20 years.

The Victoria-China Economic Relationship

December

1. The annual value of Victoria’s goods exports to China is $4.2 billion.1 This is –

1.9 times that to the U.S

2.2 times that to Japan

2.2 times that to New Zealand

 


2. The value of Victoria’s goods exports to China increased by $2.0 billion in the past five years. This is –

4.1 times that to the U.S

5.5 times that to Japan

16.9 times that to New Zealand