Australia is the 24th (economic) Province

Australia is the 24th (economic) Province
Aug 29, 2008 03:29
APAULT Points: Join Date: Mar 11, 2006 Status: offline	For the last 2 to 3 years I have been saying that Australia is China's 24th Province in terms of economics and Finance. Below I have copied a segment from an investment report which supports this view. Australia is utterly dependent on China now, more than any other country in the world. (Australia ESAR - Extra Special Administrative Region!) "Prior to 2005, Japan was Australia's second biggest trading partner, with the US coming in second. In 2005, China surpassed the US. In 2007, China surpassed Japan. Total trade with China has grown three-fold in just six years, and now accounts for 15% - up from 5.7% at the start of the century. China now buys 15.4% of Australia's exports, and 14.5% of Australia's imports now come from China. "The sharp lift in the economic importance of China is the biggest change to the Australian economy in around forty years," suggests CommSec's chief equities economist, Craig James. "And with industrialisation in its infancy, China's importance to the Australian economy will grow substantially in coming years". " Copyright: Egoli. Extracted from www.egoli.com.au/epiServer/Templates/Public/Pages/StoryArticle.aspx?id=31463&epslanguage=en

Aug 29, 2008 03:29

APAULT
Points:
Join Date: Mar 11, 2006
Status: offline

For the last 2 to 3 years I have been saying that Australia is China's 24th Province in terms of economics and Finance. Below I have copied a segment from an investment report which supports this view. Australia is utterly dependent on China now, more than any other country in the world. (Australia ESAR - Extra Special Administrative Region!)

"Prior to 2005, Japan was Australia's second biggest trading partner, with the US coming in second. In 2005, China surpassed the US. In 2007, China surpassed Japan. Total trade with China has grown three-fold in just six years, and now accounts for 15% - up from 5.7% at the start of the century. China now buys 15.4% of Australia's exports, and 14.5% of Australia's imports now come from China.

"The sharp lift in the economic importance of China is the biggest change to the Australian economy in around forty years," suggests CommSec's chief equities economist, Craig James. "And with industrialisation in its infancy, China's importance to the Australian economy will grow substantially in coming years". "

Copyright: Egoli. Extracted from www.egoli.com.au/epiServer/Templates/Public/Pages/StoryArticle.aspx?id=31463&epslanguage=en

Aug 30, 2008 10:47	#1
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	Paul, As trade partners, China and Austria is in the honeymoon. The iron that builds the Bird nest is from Australia.

Post a Reply to: Australia is the 24th (economic) Province