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Monday, 27 March 2017

China, Australia work together to develop Asia-Pacific trade

China, Australia work together to develop Asia-Pacific trade
- For China and Australia, the stability and prosperity of the region relies on access to the free market and the global economy. "Given the less than desirable global economic recovery, the push-back against globalization, rising protectionism, heightened geopolitical rivalry and local conflicts, the existing international order and system is being called into question," Li said in a signed article published Wednesday on The Australian, a leading national newspaper. In fact, China as well, faces its own trade challenges. Its free trade agreement with Australia runs at a deficit, with the Aussies exporting more and importing less than China.