综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Australia boosts ties, eyes Chinese funding opportunities

By LUO WEITENG in Hong Kong | China Daily | Updated: 2017-05-24 08:22
Share
Share - WeChat

Australia has cemented closer economic ties with China in a shift of policy that should open up new infrastructure projects and funding opportunities.

The national government in Canberra is hoping the Belt and Road Initiative will stimulate growth during a time when prospects for the global economy remain uncertain.

"While there is a downside risk looming over the global economy, there is also potential in other areas and regions," said Peter Jolly, global head of research at National Australia Bank. "The Belt and Road Initiative has upside potential for the global economy in the coming few years."

During the Belt and Road Forum for International Cooperation in Beijing this month, Australian Minister for Trade, Tourism and Investment Steven Ciobo described the initiative as a "win-win opportunity".

This was a major change of heart from the Canberra government which agreed to closer collaboration with China in crucial sectors at the two-day gathering.

Both countries have always had strong economic ties.

In the period between 2015 and 2016, Australia's trade in goods and services was worth nearly A$670 billion ($501 billion) and was a crucial component of the country's economic prosperity, according to the Australian government website.

"Australia is a great champion, as it always has been, of free and open trade," Jolly said. "Anything encouraging more trade will be good for us."

The shift in its Belt and Road policy will help Canberra as it grapples with major infrastructure projects worth $45 billion.

Even though the Australian government has pledged a record $60 billion to fund development, overseas investment will still be crucial.

"Much of the money may not come from national coffers but from private investment, especially foreign capital in Australia's home region of Asia," said John Barry, head of capital financing for Asia at NAB in Hong Kong.

"It has long played a leading role in the country's development."

Naturally, this makes the Belt and Road Initiative, which aims to improve connectivity among Europe, Asia and Africa through infrastructure and investment, a funding fit for Australia.

Ciobo made that clear, saying that Canberra envisages future collaboration projects involving trade and infrastructure opportunities.

Coupled with this latest development, Australia hopes to secure a free trade agreement with the Hong Kong Special Administrative Region.

After Ciobo wrapped up his trip to Beijing, he headed to Hong Kong to hold talks with Secretary for Commerce and Economic Development Gregory So.

Top
BACK TO THE TOP
English
Copyright 1994 - . 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
CLOSE
 
闸北区| 贵定县| 屏南县| 通山县| 若羌县| 延庆县| 额济纳旗| 阿拉善盟| 噶尔县| 赣州市| 若羌县| 新野县| 墨江| 夏邑县| 昌平区| 瑞金市| 新绛县| 铅山县| 舟曲县| 绩溪县| 民权县| 梁平县| 峨眉山市| 台南市| 峨山| 永宁县| 阳高县| 朝阳县| 辉南县| 齐齐哈尔市| 镇宁| 淮安市| 滦平县| 乌苏市| 南宁市| 铜陵市| 隆子县| 新昌县| 贵阳市| 东城区| 明光市|