Doing business with China
Start your research
- Investing in China's Anti-Aging Market: Trends and Opportunities, China Briefing, 13 February 2024
- Demystifying Chinese investment in Australia, KPMG, 2 May 2024
- Q1 China Economic Outlook Report, Capital Economics, 2024
- Australia China Relations- Statistics and Facts, Statista, 2024
- Official website of China State Council (China State Council)
- Market Data Australia Exports to China updated in July 2023 (Trading Economics)
- Mainland China Economic and Business Settlement Report 2022 (PDF) (CPA Australia)
- Hopes and Fears 2022 Mainland China Report (PwC)
- FY23 Annual Review (Australia China Business Council)
- Export Market-China (Austrade) China is Australia’s number one export market, our largest source of international students, our most valuable tourism market, and a major source of foreign direct investment.
- Doing Business in China Report 2022 (joint initiative between the China-Australia Chamber of Commerce (AustCham China), University of Melbourne, Australia China Business Council, Australian Chamber of Commerce in Hong Kong, and Australian Chamber of Commerce in Shanghai, and supported by the National Foundation for Australia China Relations)
- Doing Business in China 2022 (Baker McKenzie)
- Doing business and investing in China (PwC Australia)
- China-Australia Free Trade Agreement (Austrade)
- China profile (Export Finance Australia)
- China's New Energy Vehicle Mandate Policy (Final Rule) (International Council on Cleaning Transport)
- China’s Economic and Financial Outlook (PDF, 328.14 KB) (Bank of China Research Institute)
- China Country Starter Pack (Asialink Business) With a population of 1.42 billion, 400 million of which are considered middle-class, China represents a massive opportunity.
- China Country Brief (DFAT) - China is Australia's largest two-way trading partner in goods and services. DFAT reports provide a complete guide to basic information on China.
- China-Australia relations: Beijing’s coking coal order another sign of thawing ties (South China Morning Post)
- Complete Guide to Doing Business in Australia 2022 (Gilbert + Tobin)
- Bridging the Australia-China business ecosystem (KPMG) - Cross-border partnerships and links across Australia-China business ecosystems help Chinese Australian entrepreneurs deliver greater business impact.
- Australia’s economic relationships with China (Parliament of Australia)
Narrow your research
- Peng, X. (2024), Heavenly creature or destined for slaughter: The luckiest – and least desired – Chinese zodiac signs, The Age, 5 February 2024
- Peng, X. (2023), China’s population is now inexorably shrinking, bringing forward the day the planet’s population turns down, The Conversation, 19 January 2023.
- Asialink Business report on Risk and Reward: Opportunities for Australian SMEs in China (PDF)
- Reuters, China's factory activity stuns with fastest growth in a decade
- Financial Review, China’s factory activity notches fastest growth in decade
- People's Daily, China's insurance market size nearly quadruples in past decade
- Peng, X. (2022), China’s population is about to shrink for the first time since the great famine struck 60 years ago. Here’s what it means for the world, The Conversation, 30 May 2022, Australia
- Peng, X. (2022), China’s population is shrinking and ageing. What can the government do?, European Financial Review, 1 November 2022, the United Kingdom.
- Peng, X. (2022), China’s Older People Risk Curtailing the Prosperity they Created, 360info, 21 November, 2022.
Economy Corner
Tourism to Australia in first quarter, 2024
China’s outbound travel market is showing a strong recovery. Thanks to the continuous increase in flights between China and Australia and the ease of visa application, Australia is favored by Chinese tourists. According to the 2024 Chinese New Year Travel Report released by Ctrip, Australia is one of the top 10 most popular destinations for Chinese tourists to travel abroad during this year’s Spring Festival, and it is also the most popular long-term destination for Chinese tourists. Compared with 2019, the popularity of Chinese tourists visiting Australia during the Spring Festival this year soared by 30.7%, with the average number of daily bookings increasing by 38.8% year-on-year and the average daily transaction volume increasing by 95.5% year-on-year. In terms of flights, Tourism Australia and major airline partners have been accelerating the resumption of international routes and increasing capacity in an effort to meet the travel needs of Chinese tourists. In the future, Tourism Australia will continue to work with airline partners to expand the route network between China and Australia.
On 8 March 2024, Tourism Australia announced its 2024/26 “Preferred Partner” travel agents and “Preferred Australian Travel Experts”, aiming to create an exclusive Australian travel experience for Chinese tourists.
It is understood that in order to further optimise Australia’s tourism services, Australian Tourism announced a new upgrade of the “Key Distribution Partner” (KDP) program to open the KDP 4.0 era. A total of 40 travel agencies have been selected for this year’s KDP4.0 Preferred Partners, which will be promoted to Chinese consumers through Tourism Australia’s official website and other online channels, as well as enjoy exclusive benefits and exclusive resources, such as a 3-year multiple-entry KDP visa, priority participation in customized industry training and information sharing, etc. Tourism Australia is committed to helping travel agents keep abreast of the latest trends in Australian tourism products and provide first-hand product information from Australia.
Furthermore, the data released by the Australian Bureau of Statistics (in February 2024) showed that the Chinese tourist market made a strong comeback, regaining the top spot in New South Wales (NSW) international tourist list, injecting new vitality into Australian tourism industry. The number of short-term overseas tourists received by Australia in February 2024 increased by about 42.8% compared with February 2023 to about 858,000. However, this is still 7.5% below the pre-pandemic level of February 2019. Chinese mainland regained its status as being in the top five sources of short-term arrivals to Australia.
Data sources
- https://baijiahao.baidu.com/s?id=1797451191654205426&wfr=spider&for=pc
- https://baijiahao.baidu.com/s?id=1792981312356229996&wfr=spider&for=pc
- https://baijiahao.baidu.com/s?id=1796534399820600049&wfr=spider&for=pc
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Disclaimer
This list of reports and resources is not definitive. Inclusion in this list does not imply endorsement by VBCI. The information provided is a guide only. The content is for information and carries no warranty. As such, the addressee must exercise their own discretion in its use.
