The WA-China economic relationship
1. In the year to June 2018, the value of Western Australia goods exports to China was $61.5 billion. This compares with a record high of $62.7 billion in May 2014.1
2. Exports to China account for 47.4 percent of total WA goods exports, and are the equivalent of 24.8 percent of Gross State Product.2
Deepening reform to counter trade threat
Are China's exports crowding out or being crowded out? Evidence from Japan's imports
Many high income countries, including Australia, have concerns that their exports might be displaced by those from China. New UTS:ACRI research finds that China’s rise up the global value chain is likely to be a slow and gradual process. In fact, China’s own exports at lower quality points are now being displaced by other countries.
ACRI/CESA Conference 2018: Opening address by Geoff Raby
As part of the 30th annual conference of the Chinese Economics Society of Australia (CESA) the Australia-China Relations Institute (ACRI) at the University of Technology Sydney (UTS) welcomed former Australian Ambassador to China, Dr Geoff Raby, to deliver the opening address. Dr Raby spoke on his 30 years of observing China’s economic development.
Following his address, Dr Raby was interviewed by Professor James Laurenceson, ACRI Deputy Director, and participated in a Q&A session with the audience.
The text of Dr Raby's speech is available below.
Belt and Road Initiative Symposium
Connecting the Asia-Pacific: Australian participation in China’s regional infrastructure activities
The Australia-China Relations Institute (ACRI) at the University of Technology Sydney (UTS) and Deloitte hosted a Belt and Road Initiative (BRI) Symposium, ‘Connecting the Asia-Pacific: Australian participation in China’s regional infrastructure activities’, on July 17 2018.
Australia’s exposure to a Chinese economic hard landing: New findings
Last year the Australia-China Relations Institute (ACRI) reported on modelling by Deloitte that found an economic hard landing in China would send the Australian economy into recession. New research points to a more sanguine outcome.
Inoue, et al. (2018) modelled the impact of a one percentage point drop in Chinese GDP growth.
Connecting the Asia-Pacific: Australian participation in China's regional infrastructure initiatives
- Major ‘infrastructure gaps’ plague the Asia-Pacific region, constraining economic integration and undermining development efforts.
- In 2013, China launched two new projects – the Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank (AIIB) – to lead regional efforts to plug these infrastructure gaps.
ACRI/CESA joint event: Where to for the Australia-China economic relationship?
Last year Australia’s trade with China hit a record high of $184 billion. But there are concerns that economic risks in China, as well as political tensions in the bilateral relationship, might take a toll on the Australian economy. Will China’s demand for Australian natural resources remain buoyant as China’s domestic economy shifts away from investment towards consumption and services? Can the financial and investment side of the Australia-China economic relationship rise to match that of trade?
The NSW-China economic relationship in 2018
1. Over the past year the value of NSW goods exports to China is $8.1 billion. This is a record high. China accounts for 17.4 percent of NSW total goods exports, and is:
- 0.7 times that to Japan;
- 2.1 times that to Korea; and
- 3.0 times that to the US.