Australia's "Post-Mining Era" Seizes China's Agricultural Market

2014/1/8 First Financial Daily

content Summary: The Australian economy is currently facing a "hole" in growth, and it is urgent to find new economic growth points. Australian agricultural producers are actively seeking Chinese organic food certification is one of Australia's attempts to diversify the economy. As a large red meat supplier, Australia intends to kangaroo meat as a specialty into the Chinese market, and take the opportunity to expand bilateral trade.

Wandering in the economic crossroads of Australia, I am afraid that can only "look at the coal sigh". Recently, the economic advisory body Australia Deloitte released a report "want to make a fortune? These industries can not miss" (Positioning for prosperity Catching the next wave) said that the Australian economy is currently facing growth "hole", mining investment decline, and non-mining investment and difficult to make up for the funding gap. Therefore, it is urgent to find new economic growth points.

In this context, the Deloitte report takes stock of five "super fast-growing" industries, including tourism, natural gas, agribusiness, international education and wealth management. It is believed that the above five industries will boost the Australian economy in the next 20 years and contribute 25 billion Australian dollars.

Five Emerging Pillar Industries

according to Deloitte economic data, although the mining industry is still the main driving force of economic prosperity, agribusiness, natural gas, tourism, international education and wealth management will also become the pillars of support for the Australian economy.

Deloitte predicts that global demand for natural gas, tourism and agribusiness will grow over the next decade or two, at least 10 per cent compared with the world's 3.4 per cent GDP growth rate. Turning attention to Asia, especially China, is a new move by the Australian government and the practitioners of the "new five pillar industries. The move aims to get rid of the current situation that economic development relies heavily on mining and form a diversified economic development pattern as soon as possible.

The Australian economy is at a crossroads. The thorny problem facing the Australian government is how to shift the economic development model from capital-intensive industries that rely mainly on energy to new areas represented by services, finance, education, etc., and the huge Chinese market undoubtedly brings new ones. hope. "Australia's competitive advantage has been challenged and a trend of diversification is needed to develop a diversified economy." Deloitte pointed out.

Moving to new cooperation in agriculture

australian agricultural producers are actively seeking Chinese organic food certification is one of Australia's attempts to diversify the economy. For the country's agricultural producers, obtaining Chinese certification means getting a "ticket" to enter the promising and potential Chinese market, although the certification fee for a single product is as high as A $50000. At the same time, the Australian government is planning to expand the types of agricultural exports to China. As a large red meat supplier, Australia intends to kangaroo meat as a specialty into the Chinese market, and take the opportunity to expand bilateral trade.

World Trade Organization statistics show that the Chinese market in the next 8 years, meat consumption demand is expected to grow by 17e%. The Deloitte report also pointed out that Australia and China are "natural partners" in agricultural trade ". China's strong demand for high-quality and safe food is driving investment in Australian agriculture-including grains, sugar, crops, dairy and horticulture. The Australian Ministry of Foreign Affairs stated that Australia is strengthening its ties with China and seeking ways to stand out.

Australia aims to increase its share of exports of agriculture, high-tech products and services to China by 2025. In addition, Australia will attract Chinese investment in infrastructure, including ports, iron ore, energy and other utilities needed for Australian resource development.

Man of Feeding