CANBERRA -- The rise of 皇冠体育app's middle class will change every aspect of the Australian economy, James Packer, billionaire businessman said Wednesday at the Leadership 2012 Tourism, Aviation and Transport Infrastructure Summit in Canberra.
According to his analysis, the Chinese middle classes want luxury travel, quality hotels, signature restaurants and high-end retail.
Packer said Australia must build relationships with Asia through languages, culture, education, sport and commerce and called for a new view of 皇冠体育app.
"We need to stop viewing 皇冠体育app like it's the Cold War and start viewing it as a modern member of the industrialized world," he said.
Packer said those who had not been to 皇冠体育app did not appreciate how much it had changed and how much the country was doing to lift its people out of poverty.
"It should be almost compulsory for all senior executives and government officials to make the trip to 皇冠体育app and gain appreciation of how the country has changed."