Ultralight aircraft in China has seen positive growth in export sales, which is good news to one Australian company.
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China is becoming the global leader in the development of technology.
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Australia’s total goods and services exports almost reached $300 billion in the 2010/2011 financial year. This is an increase of more than 17 percent year-on-year.
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It is now exactly 10 years since Jim O’Neill, then the newly appointed Head of Economic Research at Goldman Sachs wrote a research paper “Dreaming with BRICs” in which he predicted that the global economy in the coming decades would be propelled by the growth of four populous and economically ambitious countries: Brazil, Russia, India and China, and famously coined the acronym “BRIC”.
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China has been labelled as the World Factory for more than a decade. Whatever you can think of, it is most likely that you can find it being manufactured in China. However, foreign companies sometimes find themselves lost in a vast sea of choices, and could end up with faulty products imported from China or work with a “suitcase” company- a Chinese term to describe fraudulent/fake businesses.
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A new report on trade and investment among APEC economies shows Australian exports outpacing imports within the Asia-Pacific region.
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Foreign Minister Kevin Rudd spoke about the importance of trade between China and Australia at the Australia-China Forum yesterday.
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The Reserve Bank of Australia will establish representation in China in mid-October.
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Queensland’s tourism industry has received a boost with China Southern Airlines adding another flight to Brisbane and adding another Chinese city to the route, Queensland Premier Anna Bligh has announced.
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Trade Minister Craig Emerson has praised the “panoply” of investment opportunities open to Australians as China develops its domestic economy.
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