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China and Australia have made remarkable achievements in economic and trade cooperation

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-03-30
Over the past 45 years, under the hard work of the two governments and all walks of life, China-Australia relations have entered a mature and steady development track. In November 2014, President Xi Jinping successfully visited Australia, promoted China-Australia relations as a comprehensive strategic partnership, and friendly cooperation between the two countries entered a new stage. With the joint efforts of the Chinese and Macao businessmen, economic and trade cooperation has become the most active part of bilateral relations and has made great achievements.

Steady growth in bilateral trade. Since the international financial crisis, global trade has been in the doldrums, but trade between China and Australia has maintained a good momentum of development, an average annual growth of 9%, higher than the rate of economic growth between the two countries, which is rare between the major economies. China for eight consecutive years is Australia's largest trading partner, bilateral trade accounted for Australia's total foreign trade more than 1/4. The implementation of the China-Australia FTA in December 2015 has injected new impetus into the development of trade between the two countries.

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