Snare&Racket:
It said that China was a paticular country that Australia wanted to develop economic ties with and finally recognise the geography they share. Tourism and business is going to appreciate where Australia is on the planet.
Australia has a problem - a small population in a vast country. As a market it cannot justify the huge expense of mass manufacturing (see the thread on the GM decision to stop making cars in Australia.) But what Australia does have is large deposits of (high quality) iron ore and coal which it sells to mainly N.E.Asian (China, Japan, S.Korea) countries, countries who are, in terms of shipping distances, quite close.
Here's an Australian Govt chart that tells the story:
Australia's trade in goods and services by top ten partners, 2012-13
Australia's top 10 export markets (a) (A$ million) | Goods | Services | Total | % share | Rank |
---|
China |
77,973 |
6,662 |
84,635 |
28.1 |
1 |
---|
Japan |
46,481 |
2,101 |
48,582 |
16.1 |
2 |
---|
Republic of Korea |
19,116 |
1,698 |
20,814 |
6.9 |
3 |
---|
United States |
9,022 |
5,507 |
14,529 |
4.8 |
4 |
---|
India |
11,418 |
1,844 |
13,262 |
4.4 |
5 |
---|
New Zealand |
7,309 |
3,559 |
10,868 |
3.6 |
6 |
---|
Singapore |
6,420 |
3,584 |
10,004 |
3.3 |
7 |
---|
United Kingdom |
5,520 |
3,927 |
9,447 |
3.1 |
8 |
---|
Taiwan |
7,531 |
647 |
8,178 |
2.7 |
9 |
---|
Malaysia |
5,197 |
1,663 |
6,860 |
2.3 |
10 |
---|
Total exports |
249,088 |
52,411 |
301,499 |
100.0 |
|
---|
Reference: http://dfat.gov.au/publications/tgs/index.html#partners.
I am not sure what the future holds for Australia.
At least, since the defeat of the Whitlam goverment (1972-1975) (some say at the instigation of the CIA), some Asian countries see Australia as the Deputy Sheriff of the USA in Asia. If that is true, outside of some patronising appointments, I cannot see many benefits accruing to Australia.
OTOH, China's tremendous modernising drive and huge consumption of steel and fuel must slow down one day. However, the increasing wealth of individual Chinese families who are interested in visiting Australia and those who come here for a University education are a different market, though the eduction sector must slow as Chinese universities get better and better.
I found it interesting to read, having been to Oz a couple of times, there is a significant undercurrent of racism, or I felt so anyway. It is a lot more playful than in the west, but more vocal. But reading your post, it is evident that these changes are happening. I love Oz, hope to move there in the next 5 years.
Good luck in your plans to move to OZ, its a high wage/high cost country, so bring all your accumulated wealth (grin).
As far as racism goes, there is a vocal voice, but its concentrated at the low end of the socio-economic scale, and in recent years seems to have been focussed on Indians (not sure why).
I live in a strongly Chinese suburb and note little racial tension (one exception - little old aussie ladies, raised in an era when gentlemen allowed ladies to go first, become disturbed when a chinese male pushes past, to get in a lift or through the ticket barriers at a rail station. S.E. Asians whose parents were kicked in the arse by British officials for daring to push past white people will defer, but PRC Chinese taught by Mao Zedong's administration that the day of subservience to white races was over, arn't going to defer, nor is there a history in China of 'ladies first' - both sexes are equal).