ecns [expanded by feedex.net]
ecns
ChAFTA gives Australia 'a monumental advantage over other nations': HSBC group chief executive
http://www.ecns.cn/business/2015/11-06/187578.shtml
Nov 6th 2015, 07:48
China-Australia Free Trade Agreement (ChAFTA) is "a hugely significant milestone that gives Australia a monumental advantage over other nations," HSBC Group Chief Executive Stuart Gulliver said here Friday.
Gulliver, in his keynote speech to the 2nd Australia-China conference hosted by HSBC, said the greatest asset shaping Australia's economic future is "the power of proximity to world's second biggest economy."
Australian companies, investors and institutions can no longer take a wait and see approach if they want to get ahead as the economic landscape on both sides of the China-Australia trading corridor changes, Tony Cripps, chief executive of HSBC Australia, told the conference.
"They must invest the time to understand and test the opportunity that China presents," Cripps said, adding, "For the first time in 300 years, the center for the middle class for the world is now in Asia, particularly in China."
However, just because the pathway of the ChAFTA is set, Australian business must work hard to take advantage of the opportunity and become more competitive in the services space, Chief Economist for HSBC Australia, Paul Bloxham said.
"We need to be more focused on the fact that selling services is not just about selling to the 23.5 million people who live in Australia, but also selling to this very large market to the north of us, particularly in China."
James Laurenceson, economist and deputy director of the Australia China Relations Institute, had previously told Xinhua that the financial sector has lagged behind trade in the opening of barriers; however when restrictions are liberalised, there is enormous potential for financial services investment.
Australia launches interactive Sydney shopping guide for Chinese visitors
China, Australia vow to promote bilateral defense cooperation
Australia to trial world-first 'cloud passports'
Australia-based beef company sells stake to Chinese rival
A step forward for China-Australia FTA
China-Australia FTA legislation passes through Australia's lower house
Xi, Vietnamese leaders agree to boost win-win partnership
Taiwan leader says it's his duty to 'build a bridge'
No telecom mergers coming: MIIT
China responds to Pentagon chief's visit to aircraft carrier in S. China Sea
High-tech lookout keeps eye on border
Calls for new charity law to ban tobacco donations
Farmer discovers huge karst cave beneath home
Evergrande Taobao becomes first listed soccer club in Asia
Chinese army adopts first-ever fitness exercise with tai chi features
Digging deep: man builds wine vault beneath basement
You are receiving this email because you subscribed to this feed at https://blogtrottr.com
If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt
No comments:
Post a Comment