ACRI Facts

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 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