久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Asia-Pacific

China crucial to Australia's post-COVID-19 recovery: economic report

Xinhua | Updated: 2020-06-12 17:00
Share
Share - WeChat

SYDNEY - China has bounced back from the COVID-19 pandemic with deliberate vigour and is poised for a speedy economic recovery, positioning it to help Australia do the same, according to a report posted by the University of Sydney this week.

Australia's lucrative trade relationship with China relies on a hasty return of Chinese consumer demand, which now appears more likely thanks to successful strategies introduced by the Chinese authorities in tackling COVID-19.

Joint authors of the report, Dr Wei Li and Professor Hans Hendrischke from the University's Business School and China Studies Centre, pointed out it would not be the first time China has helped Australia out of a crisis.

According to them, China was crucial for Australia's 2008-09 Global Financial Crisis (GFC) recovery, having become the country's largest two-way trading partner in 2007, accounting for 13 percent, or $39.6 billion, of total trade, largely due to China's demand for Australia's iron ore.

Ten years later, in 2018-19, two-way trade with China had surpassed $157.3 billion, well over double the volume of trade with Australia's second-ranked trading partner, Japan, according to Australian Government figures.

Trade had also diversified to include more small and medium sized Australian businesses, with China's middle-class developing a taste for Australia's food, beauty and health products, as well as service based industries like education and tourism.

"The China trade effect that was concentrated on the resources industry after the GFC is now spread much more widely across Australia's rural and urban industries," the report said.

Those industries rely on the speedy post-COVID-19 recovery of Chinese consumer demand, which the authors say is already showing signs of occurring largely thanks to the country's savvy approach to economic stimulus.

"China has relied on digital technologies and decentralised economic policy to drive up consumption, rather than centralised stimulus payments through direct deposits or debt-financed guarantees as seen in Australia," they wrote.

The authors described stimulus coupons worth $2.7 billion, rolled out through the digital platforms of Alipay, Meituan, Dianping and WeChat as "efficient, flexible, easy to track," and able to be specifically targeted depending on local circumstances.

According to Li and Hendrischke the strong rebound in Chinese consumption, which recorded a 32.1 percent monthly increase in early May, bodes well for the future and for the many Aussie businesses which sell to China.

"Australia is facing a bigger crisis now than it did post-GFC, and it is also more closely interconnected with China," they said.

"This makes the Australia-China economic partnership even more important than it was post-GFC."

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 毛片免费全部播放一级 | 久久夜色精品国产亚洲 | 精品国产免费观看久久久 | 亚洲骚片 | 波少野结衣在线播放 | 青草青99久久99九九99九九九 | 男操女b| 99九九99九九九视频精品 | 免费一级夫妻a | 免费一区在线观看 | 九九色网站 | 一级欧美一级日韩毛片99 | 国产成人综合久久亚洲精品 | 日本三级欧美三级人妇英文 | 免费一级特黄 欧美大片 | 国内精品2020情侣视频 | 亚洲图片在线视频 | 亚洲第一视频在线播放 | 国产成人a视频在线观看 | 国产黄色三级三级三级 | 久久国产一级毛片一区二区 | 亚洲韩国日本欧美一区二区三区 | 亚洲视频偷拍自拍 | 亚洲欧美综合网 | 乱人伦中文视频在线 | 黄网站www | 男人的天堂欧美 | 日本韩国三级在线观看 | 永久免费看毛片 | 国产手机免费视频 | 久久国产精品无码网站 | 男女交性拍拍拍高清视频 | 亚洲欧洲一区二区三区久久 | 欧美久久久久久久久 | 亚洲福利精品一区二区三区 | 亚洲免费成人在线 | 特级毛片永久久免费观看 | 精品一区二区三区五区六区 | 自拍网在线 | 亚洲高清国产一区二区三区 | 久久精品国产精品亚洲毛片 |