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Australia-China story: decades of growth



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Minister for Resources and Energy, Minister for Tourism

Australia-China Story: Decades of Growth 05 June 2012

The Australia-China story continues to be one of strong economic growth for both nations, according to today’s release of the inaugural issue of the Resources, Energy and Tourism China Review.

The Review is a new publication produced for the Australian Government by the Bureau of Resources and Energy Economics (BREE) and Tourism Research Australia (TRA). The Review documents the relationship between Australia and China over the past three decades, particularly the growth of the resources, energy and tourism industries.

The Minister for Resources and Energy, and Minister for Tourism, Martin Ferguson AM MP, speaking from Shanghai said the BREE /TRA Review underscores China’s importance as a trading partner.

“The change over the past thirty-years in the Australia-China trading relationship in the context of resources, energy and tourism has been staggering,” Minister Ferguson said.

“For example in today’s dollars, Australian exports of mineral resources to China increased from A$0.2 billion in 1989-90, to A$49.9 billion in 2010-11.

“In volume terms, China accounted for around 69 per cent of Australian total exports of iron ore in 2010-11, compared to around six per cent in 1989-90.

“Over this period China’s reliance on our exports of energy sources, such as metallurgical coal, has also increased significantly.

“Australia’s tourism industry has also benefited from the emergence of China as one of the world’s largest economies. Over the past 20 years China has grown to be Australia’s most important market by value, worth A$3.5 billion, and the third largest inbound market by visitor arrivals, with 542 000 arrivals in 2011.

“The Australian Government is committed to maintaining the strong relationship between the two nations and will continue to implement initiatives to sustain this growth”.

The tourism-specific findings of the Review support the range of Tourism 2020 activities focussing on the Chinese market, including a $1 million project to translate the product and destination information contained on www.australia.com, and the $600,000 Welcoming Chinese Visitors Project.

The full Resources, Energy and Tourism China Review June 2012, is available for download at the BREE website www.bree.gov.au

Media Contact:

Elyse Gatt - 0407 198 136

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