Chinese ambassador to Australia optimistic of China-Australia business relation

08:42, March 03, 2011      

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Chinese Ambassador to Australia Chen Yuming expressed optimism on the future of China-Australia business relation.

Australia China Business Council (ACBC's) has delivered tangible benefits to both sides, and it has contributed to the development of China-Australia relations, Chen told reporters Tuesday night during the Sino-Australian Business Reception held in Canberra of Australia.

Recently, Australian Bureau of Statistics showed two-way trade between the two countries in 2010, which set a new record of 99 billion U.S. dollars, up 24.54 percent year on year.

Chen said last year China replaced the Unites States as Australia's largest services export market. The rapidly growing China-Australia business relation has not only reached a new height in recent years but also broken new grounds.

"Our cooperation is no longer limited to the traditional mining and energy sector," he said. "It has expanded to a wide spectrum of areas, including clean energy, agriculture and IT.

"Our trade relations are no longer the simple buyer and seller relationship. We are becoming close partners for cooperation in investment, R&D and human resources development."

He said we will step up cooperation in traditional areas. At the same time, many emerging areas are to be explored. "They include new energy, new materials, infrastructure, finance and currencies and commercialization of research outcomes."

Meanwhile, he said the two countries can also work together for a better environment of cooperation.

Chen also said Chinese companies in Australia have cared about community interests and donated to the Victoria bushfire and Queensland floods.

Source:Xinhua
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