Australia-China Relationship Overview
Free Essay: Many products we use today are made in China. Trade between Australia and China has heightened in the last couple of years. China has one of . The Australia–China relationship will undergo a huge change over the coming decade. The scale and complexity of the relationship is growing. Check against delivery. Introduction. Thank you Henry for that introduction. It's a great pleasure to be here with you tonight. After your rich.
Whether this can be sustained is an open question.
She said that China could not be trusted to resolve its disagreements in accordance with international law and rules because it was not a democracy. She also said it would be unable to reach its economic potential for the same reason. No other US ally made such claims.
At the same time the rhetoric was being ratcheted up, media reports alleging extensive and covert Chinese government interference in Australian society bubbled away. It was in December that things deteriorated sharply. At that point the Chinese foreign ministry gave up, remarking only that they had responded to similar comments already. China understands full well that Australia has the sovereign right to introduce any new laws it sees fit provided they are also consistent with its international obligations.
What China has taken exception to is being singled out, as well as the prime minister lending his authority, without any qualification, to media reports, some of which were based on a flimsy evidence base.
The Fraser government continued this policy direction with China, which was strengthened even further during the Hawke and Keating years The Howard government has continued this policy and has chosen to place economic and trade considerations above ideology. In handling bilateral relationships, the Government often claims to have adopted an integrated approach taking into account the totality of Australian interests. This close relationship continues to raise political questions for Australia to grapple with, such as her relations with Taiwan, Tibet and Chinese human rights issues.
A comprehensive approach to bilateral relationships also involves working closely with the Australian business community to expand market access and other opportunities for trade and investment. It means facilitating institutional links in fields such as the arts, sport, and education. In this way, each strand of the relationship not only has value in its own right, but also contributes to building a broader base from which to develop and advance mutual interests, hence the burgeoning of cultural links between Australia and China since Aggarwal Working through bilateral relationships also enables the Government to calibrate strategy to take into account national differences.
This is particularly important in terms of regional issues. In relation to China some Australian government policies, for example, supporting the student protest in Tiananmen square Cotton and Ravenhill damaged its relation with China and engendered antagonism from some Asian countries that Australia seemed to impose its will on other nations in the region.
John Howards meeting in with Chinese Leader Jiang Zemin was significant in that it skirted around controversial humanitarian issues despite considerable public pressure and concentrated on economic and trade matters. Arguably there appears to be an acceptance by Australian political leaders that China represents communism with a capitalist if not democratic face.
As a nation with global interests, Australia must deal with countries in many regions. Each relationship engages Australian interests in different ways. China has the potential to become the most significant of all the nations with which Australia deals on a bilateral basis.
The China Australia relationship: Recognising the challenges, grasping the opportunities
Its on this basis of massive population size, increasing technological advances and market demand, China presents itself as an attractive trading partner to be negotiated with despite political differences. In working toward both of these goals, China has focused on its relations with the superpowers since the collapse of the USSR and because most of the developed world, with the exception of Japan, is fairly distant from China.
The collapse of communism has left only one superpower — USA — and although China wants American trade and vice versa She also seeks to build strong ties in the Asia-Pacific region and this is deemed by Australian governments to be to Australias advantage because of our developed economy. As are the right domestic policy settings in areas such as taxation and competition policy, water and energy pricing, labour and infrastructure.
Essay: Australia and Asia’s Relationship
This will help ensure that we are in a position to maximise the benefits to Australia from our relationship with China, including from investment inflows that are likely to both expand and diversify across many areas of our economy.
We have a strong relationship, but we must not be complacent about it — we need to be aware of the challenges the relationship presents for Australia and to think actively about how we should address these.
Greater economic weight will bring greater strategic weight. Whatever the truth of that perception, with greater prestige and influence comes greater responsibility and an expectation that China will contribute to the provision of global public goods — and provide global economic leadership.
The stability and further development of the world economy can only be a net positive for China. China is a key member of the G20 and it has had its representation on the IMF and World Bank increased to more closely align with its economic weight.
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China will need to work constructively to help address major global challenges, including rebalancing global growth, addressing climate change, finding a way forward for global trade liberalisation and supporting efforts in Europe to address the sovereign debt crisis. By virtue of its sheer size, no major global public policy issue will be capable of resolution without China. But if China is not seen as engaging constructively on these issues, its interests will ultimately suffer.
Of course, while China looms large in absolute terms, it is still at a relatively early stage of development. And even bywhen it is expected to become the largest economy in purchasing power parity terms 1per capita GDP will still only be less than one quarter of that of the US.
China faces a daunting and complex domestic reform agenda as it shifts towards a more consumption oriented economy. As it confronts issues like financial market reform and climate change policy, China is at a stage of development where whole of economy reforms are more economically desirable and necessary, rather than isolated pilot-style reforms which have been used in the past.
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UN data projects that the share of people of working age in the total population will start to fall from While China will continue to benefit from freeing up relatively inefficient agricultural labour, there will no longer be an impetus to growth deriving purely from an expanding labour force.
Beyond this re-orientation of the existing workforce, China will need to increasingly rely on productivity to drive growth. Promoting technology innovation, industry upgrading and competitiveness will help. Importantly, this requires better resource allocation — and ultimately a more market-driven exchange rate.Australia-China Relations: Three Things to Know
That aside, it is worth noting that many of the challenges that China faces are also being grappled with by policymakers elsewhere, including in Australia. We are also anticipating the consequences of an ageing society and we also face the need to improve our innovative capacity and productivity performance.
So there is a common dimension to many of the challenges and it serves everyone to have an open debate, in forums such as this, about the challenges we face, and also the opportunities.