Presentation Transcript
China – lots of big figures : China – lots of big figures 1.3 billion people
FX reserves – US$ 210 billion
GDP growth next 5 years – average 7.5%
FDI up 30 % in 2002 – 60% of Asian FDI
In 2003 – Exports up 26%, Imports up 36%
1,200 publicly listed companies
10 million new first time investors
Slide2 : 600 million potential consumers
Disposable income up 5.7%
National US$ 1350
Urban US$ 2010 (Shanghai – US$ 3,590)
Rural US$ 870
Eat first, save second – savings rates of 40% - US$ 971 billion
Consumption up 10%
53% of urban Chinese own their own house
14% of rural households buy/build new home in 5 years
World’s number one for mobile phones – 230 million users
Growing middle class
One market, 7 regional markets or 30 markets ?
More big figures
Slide3 :
China – lots of problems Agriculture Sector can only support 100 million people
Unemployment - need to create 20 million jobs per year
Ageing population
Environmental degradation
Social resistance
Disparity between rich and poor, both within and between regions
Concern about financial strength of Banks
Slide4 : WTO Everyone still coming to terms with the implications of WTO accession
Still significant local protectionism
But tariffs are coming down
Non tariff barriers are reducing slowly
Great interest in opening of services market, education, insurance banking accounting.
Slide5 : The market Big shakeouts in most industries cars, energy,
Alternating between oversupply and shortages
Still a great deal of murkiness and lack of transparency
Fiercely competitive
Not cheap to operate and sustain a presence in China
Very difficult to be competitive without some form of local partner, or local presence
Slide6 : Queensland exports about $1 billion each year to China
Mostly raw materials, minerals agricultural goods
These figures do not include tourism or education
Other areas where we see opportunities for Queensland include
Tourism development
Coal mining technology
Agricultural technology
Building and construction – Beijing Olympics, World Expo 2010
“Smart stuff”
Slide7 : State Development have two offices in China, Hong Kong and Shanghai
State Development compliments the services offered by Austrade in China
State Development runs several China trade missions each year and you should contact your local State Development Centre for updated information on this.
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