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

Business / Companies

Westpac sees 'fantastic opportunity' investing in Chinese market

(Xinhua) Updated: 2015-05-25 16:51

SYDNEY - Westpac Banking Corporation sees a "fantastic opportunity" investing in the Chinese market as the governments of Australia and China prepare to sign the China-Australia Free Trade Agreement (FTA).

Westpac, one of the four largest institutional and retail banks in Australia, has been operating in China for over 40 years in what they call the "China corridor," facilitating investment, capital and people flows.

Westpac's Greater China Director, Andrew McKenzie, said there is fantastic opportunity in the Chinese market, however Australian businesses looking to take advantage of the China-Australia FTA must not look at China holistically and take a more targeted approach.

"China has 1.3 billion people, it's a large number of different provinces. Each province has its own language dialect," McKenzie said. "Be very focused and look at the different demographics of the different cities and different provinces."

"The statistic that I have to keep reminding myself is that when you think about the population of Shanghai, it is exactly the same as the population of the whole of Australia. So if someone was looking to say, for arguments sake, to export a dairy product from Australia and just export it to Shanghai, they've all of a sudden replicated the same size market as they have here in Australia. You don't need to be spreading yourself all over China."

Market analysts are growing concerned at the slowing down of the Chinese economy to a predicted 7 percent of GDP growth, particularly for Australia's commodity exporters. However, McKenzie said 7 percent GDP growth is still very strong.

"As China continues to emerge and develop, particularly as it starts to move towards a consumption led economy, there's more reliance on the services sector," McKenzie said. "In China, there are certain sectors certainly above 7 percent, and there is obviously certain sectors growing below 7 percent. So, I think its just part of the evolution and the growth of China."

McKenzie said the amount of trade between Australia and China is expected to significantly increase as tariffs start to reduce over time.

"You only need to look at the increase in trade that New Zealand was able to achieve when it entered into its free trade agreement in 2008 with China. In that situation you saw 44 percent year on year increase in growth. So we expect to see a similar sort of increase in the trade flows."

However, it's Australia's service sector that McKenzie said will have the most benefit.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
崇明县| 云林县| 尚志市| 新民市| 乌鲁木齐市| 夏邑县| 文成县| 报价| 普定县| 黑水县| 临朐县| 崇礼县| 布拖县| 浦东新区| 平安县| 隆回县| 阿鲁科尔沁旗| 灌南县| 隆子县| 高密市| 台东市| 沂源县| 宾川县| 宜兴市| 宁明县| 莫力| 马鞍山市| 措美县| 丰镇市| 新密市| 晴隆县| 河北区| 崇义县| 曲靖市| 元朗区| 松江区| 金乡县| 瑞丽市| 东乡| 锡林郭勒盟| 合江县|