Fifty years ago Australia’s main export market was the United Kingdom, shipping wool and wheat. Today over 83% of all Australian exports are going to Asian countries. Nuts and grains – specifically, nuts – are climbing the ranks of top exports.
While the health and aged care business stream attracted 130 Australian delegates and almost as many Chinese attendees at the first day of talks in Beijing, a planned mining stream was scrapped due to low interest.
More Chinese tourists are starting to prefer free independent travel over group tours, according to data from Tourism Australia.
Australian businesses in the healthcare sector are well positioned to capitalise on significant changes in the Chinese healthcare system as major demographic shifts unfold in the world’s second largest economy.