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Trade with China worth $3,400 per household

Trade with China worth $3,400 per household article image

A report conducted by the Allen Consulting Group reveals that Australia's bilateral trade with China was worth $3,400 per annum, per household, at its peak this time last year. Chinese Government-owned company Chinalco funded the report. Chinalco is currently looking at investing in Anglo-Australian mining company Rio Tinto, which the Foreign Investment Review Board will preside on next month. Australia China Business Council chairman Frank Tudor said the report showed a clear link between bilateral trade with China and Australian prosperity, despite the fact that commodity prices have slid since the study was conducted. "China is still one of our biggest markets and directionally it's still positive," he said, naming energy, resources, tourism and higher education as the industries that will benefit most from Australia's relationship with China.

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