Enhancing the australia china relationship

China-Australia relations | South China Morning Post

enhancing the australia china relationship

May 23, Australia's relationship with China is not in crisis, but no-one would blame you tells Australia to 'take off tinted glasses' to improve relationship. Jun 3, Australia needs to reset the relationship with China and stay cool . into a rules- based system, promoting certainty in China's behaviour as a. May 22, China's Foreign Minister tells Julie Bishop that Australia needs to remove its tinted glasses and translate its words into concrete actions to.

Australia's attempts to rebuild relationship with Beijing run into trouble

China as a market for our commodities As the drivers of China's growth change from urbanisation and basic manufactured goods to domestic consumption and more complex goods and services, the growth in demand for Australia's resources will moderate. Australia's resource exports to China are likely to continue to grow, but at a slower rate, with natural gas to some extent supplanting coal.

Other commodities, such as wool and wheat, and other minerals will probably also do well as incomes in China rise. A probable result is that the Australian dollar will fall. This will mean a partial reversal of the huge rise in living standards which contrary to popular perception Australia has experienced in the last ten years.

Australia needs to reset the relationship with China and stay cool

At the same time, it will improve the competitiveness of other traded goods and services industries which have suffered from the strength of the currency. China may be a market for some of them. China as a market for more complex goods and services The Chinese market for more complex goods and services will expand in two ways.

First, rising wages and consumer demand will increase demand for more sophisticated manufactured goods where Australia has some niches of excellence, for example, in medical devices and for services such as tourism where China is already an important market. Second, as China moves production to more sophisticated goods and services, it will require high quality human resources, well-developed infrastructure, a well-developed financial sector and a good regulatory system.

Australia has the expertise to help to develop these. Already, China is the biggest market for Australian education services. Australia's financial sector is well regarded internationally for its efficiency and effectiveness, and its banks are among the most sound and stable in the world.

enhancing the australia china relationship

The Government is pursuing a number of initiatives to strengthen and diversify this relationship. The Agreement will enhance the growing trade and investment relationship between our highly complementary economies.

enhancing the australia china relationship

It will ensure the competitiveness of Australia's agricultural and manufacturing industries, protect and ensure the competitiveness of our services providers and attract greater investment in Australia. Australian services providers benefit from new access to China's significant and growing services sector. The Government has been promoting its open investment regime and Foreign Investment Review Board process, which continues to attract Chinese investors.

The majority of investment has been in resources but is now moving into agriculture, tourism and infrastructure. Increasing numbers of Australian businesses are entering the Chinese market with great success.

However — like all cross border commercial activities — the benefits of doing business in China are coupled with considerable risks. The ' Doing Business in China ' initiative continues to inform Australian companies about how to manage the risks and offers best-practice guidelines to dispute resolution.

enhancing the australia china relationship

Chinese business visitors will benefit from the increased flexibility offered by a new three-year multiple entry visitor visa, which was announced by the Government in April Australia commenced a 10 year validity visitor visa trial for eligible applicants in China in late Australians are increasingly purchasing products from China through online shopping sites.

If you buy from an online seller based overseas, you should be aware that you may experience practical difficulties in obtaining a remedy from them.

Each of these announcements should help support trade and investment and continue to enhance financial cooperation between our two countries. It was a really good and positive meeting," she said.

The statement said Australia had to "break away from traditional thinking" if it wanted to improve the relationship between the two countries.

It added Bishop had blamed "negative reports by Australian media" for the recent troubles between Canberra and Beijing, saying the articles were wrong and did not represent the Australian government's position.

China challenged Australian warships in South China Sea, reports say Backlash to new laws The chill between Australia and China began in December last year, when the Turnbull government announced it would be introducing a series of new laws to limit foreign influence in Australia. The proposals would ban all foreign political donations, criminalize attempts by foreign actors to influence the government, and give law enforcement agencies greater powers.

Australian PM dismisses reports of Chinese military base talks with Vanuatu The laws have still not passed, with some parts currently being reviewed by the country's parliamentary committees. The legislation was proposed after the resignation of opposition Labor Senator Sam Dastyari, after it emerged he had close ties to a Chinese-Australian businessman who donated large amounts of money to the country's major political parties.