Known as the "Guangzhou Boao" and "China-Australia economic and trade exchanges from both the friendly international summit" yesterday afternoon in Guangdong Conghua opening.

"1972 (Note: In Australia established diplomatic relations) trade volume between China and Australia, less than $ 100 million this year, the trade volume between China and Australia are expected will exceed $ 100 billion in less than 40 years, trade between Australia increased 1000-fold. "innovation and development of China's national executive vice president of strategic studies at the summit yesterday, said Wu Jianmin, China-Australia trade development at an alarming rate.

Chinese Vice Minister of Commerce Wang Chao also said at the meeting, from the establishment of diplomatic relations when the $ 87 million, now $ 100 billion, the Australian trade in 40 years to achieve leapfrog development, and potentially very strong. China International Economic and Exchange Center Wei Jianguo, Secretary-General believes that this year's Australian economic and trade development in the $ 100 billion is not a problem, but sustainable development is the key.

At present, China is Australia's largest trading partner, largest export destination, the largest source of imports and second largest foreign market; Australia has become China's eighth largest trading partner and seventh largest source of imports.

Australia has recognized China's rapid economic growth benefits to Australia. "Rise of China has brought to Australia and really benefit." Australian Chamber of Commerce President David Olson said.

In fact, mutual investment between China and Australia in recent years, very active, especially in China these years, there has been investment in Australia's development spurt, but the Australian government and has appeared on the development path of China's peaceful rise of public anxiety and unease.

China's national innovation and development, said Zheng Bijian, president of Strategic Studies,Australia in April this year, a poll: 75 percent of Australians believe that China's economic growth beneficial to Australia, there are a lot of people think that Australia's interests would be China's expanding influence of the damage.

Despite the establishment of bilateral free trade area as soon as possible this should be to promote economic and trade relations between China and Australia is one of the priorities, but seven years later, China-Australia Free Trade Agreement negotiations are still in the oil, sugar, cotton, grain deadlocked on the issue.

In this regard, said Wei Jianguo, China and Australia need to abandon some old ideas, the world's largest standing on the platform, look at the development of Australia; International Cooperation Center, National Development and Reform Commission is refining Rencao Wen called on developed countries needs to be a more open-minded attitude of acceptance of capital and labor in developing countries, wish to listen to Australia and Australian investment in China cooperation in the face of obstacles, mutual assistance and cooperation to help improve the economic and trade relations between the two countries.

Long-standing economic and trade relations in Australia Australian Finance Minister Wayne Swan and Deputy Prime Minister, said Sino-Australian economic and trade relations more than a simple commodity trading, as an important part of economic and trade relations between the two sides can open up new territory in the area of investment to achieve sustainable development model of economic growth.

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