Case Study Of Victoria's Trade Links With China
China as Victoria’s number top two-way trading partner and number one export destination has significant impact on Victoria’s economy. Victoria has more breadth and depth relationship with China than other states. Two-way goods trade between China and Victoria was reached at more than $20.4 billion in 2014-15 . Victoria goods exports to China valued at $4.3 billion, taking 19 per cent of exports in 2013-14 . Exports to China have rose by 30 per cent in the past four years, with meats and dairy amongst the top exports1. A broad range of Victoria’s industries benefit from export to China including wine, horticulture and seafood. In 2013 Victorian dairy farmers produced 85 per cent of Australia’s dairy exports …show more content…
It consists about 29 per cent of the total number of international students in Victoria1. The document of the DFAT Feasibility Study on a Free Trade Agreement with China, the Victorian Government stated the Chinese market for international students in Victoria is the fastest growing of the major export markets . Moreover, institutions that had been aggressive recruiters in the demand-driven system will increase the number of international students.
The global economic downturn results in a decline of Victoria’s international visitor markets. The number of Chinese visitor continued to grow strongly that present an opportunity for Victoria. The China visitor is Victoria’s number one international tourists market with 490,000 Chinese visitors the day ending December 20151. Victorian Government shows that Chinese visitors created $816 million in the year ending December 2011 . With the relaxation of visa policy, Victoria will attract an increasing number of Chinese tourists. Furthermore, China’s large and growing middle class continues to demand for services including education and tourism that it is a large market for