How dependent is the Australian economy on the Chinese?

How dependent is the Australian economy on the Chinese?

by Andrew C. Worthington
· PhD from Economics, University of Queensland

August 2020

Very.

Putting the recent impact of COVID-19 in 2020 aside, China is Australia’s most important trading partner, accounting for 35.5% of our exports (Fig 1) and 24.1% of our imports (Fig 2).

China is also Australia’s second-largest source of foreign direct investment (FDI) inflows (Fig 3), China’s 185K students represent the largest source of international students studying in Australia (Fig 4) and China is the largest source country for short-term visitor arrivals with over 1.4 million visitors nationally (Fig 5).

That’s pretty much your answer.

For the Quora article, click HERE

“Manasseh, Ephraim; and Ephraim, Manasseh; and they together shall be against Judah. For all this His anger is not turned away, but His hand is stretched out still” Isaiah 9:21

For the next 10 Richest Countries (2020-2100) by GDP Projection, click HERE

by World’s Richest Countries in the Future (2020-2100) | pardee.edu

Most of Australian iron ore are sold to China

Australian Exports to China

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~ by Joel Huan on August 11, 2020.

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