国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / View

Australia taking yuan step at a time

By Tim Harcourt | China Daily | Updated: 2013-04-24 08:00

Australian Prime Minister Julia Gillard's visit to China in April was of immense importance to her personal standing, the country's foreign policy and the future of Australia's economic relationship with China. China's relationship with Australia as export destination, source of import and trading partner has grown by leaps and bounds, and despite the occasional public relations skirmish, bilateral investment ties are pretty healthy too.

The highlight of Gillard's visit was the announcement of the convertibility of the Australian dollar into the Chinese yuan (or reminibi). This is good news for Australian exporters - especially small and medium-sized enterprises (SMEs) - which unlike Rio Tinto and Woodside don't have a large enough capacity to hedge on currency.

The number of such companies is not insignificant. According to new Australian Bureau of Statistics figures, nearly 5,300 Australian companies export goods to the Chinese mainland with another 5,024 exporting to Hong Kong (mainly as a base for the mainland market). This dwarfs most European destinations and even Northeast Asian giants Japan (2,773 exporters) and the Republic of Korea (2,187). When one adds the 3,000-plus Australian companies that have an office on the mainland, the importance of Gillard's announcement increases manyfold.

According to Sensis, more Australian SMEs export to China (and ASEAN member states) than to Europe, so the Chinese market is very important for them. Much will depend on the Chinese financial services sector's development - and Australian companies like ANZ, Macquarie and AMP are helping in this regard - but the convertibility move is a good first step on the long march to seamless economic ties between Australia and China.

The other main issue of Gillard's visit was a free trade agreement (FTAs) with China, which has been at the negotiation stage for nearly a decade. While FTAs with China incite passions in countries like the United States, Canada and the ROK, in Australia the response has been relatively benign.

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
增城市| 平阳县| 蕉岭县| 平江县| 乳山市| 铅山县| 白山市| 黔西| 芒康县| 怀化市| 永和县| 彰化县| 名山县| 奉化市| 鹿泉市| 资源县| 启东市| 都兰县| 彭泽县| 新和县| 金门县| 吴堡县| 金湖县| 雅江县| 宁武县| 河南省| 都兰县| 巴彦县| 黄梅县| 南郑县| 晋中市| 彭泽县| 安宁市| 葵青区| 宝清县| 卫辉市| 自贡市| 佛坪县| 航空| 杨浦区| 万安县|