皇冠体育app

SYDNEY — 皇冠体育app will make a positive and constructive contribution to the global economy and continue to be Australia's most important trading partner, said Steven Ciobo, Australian minister for trade, tourism and investment.

"Australia welcomes 皇冠体育app's growth," he said, "Both our countries have a long standing trading relationship that helps strengthen our economies."

Since 2012, a number of steps have been implemented to bolster bilateral ties, including the 皇冠体育app-Australia Free Trade Agreement and the "2017 Year of Tourism Partnership," he added.

Ciobo also pointed out that foreign investment by 皇冠体育app at that time helps support local job creation, which has soared to A$87 billion ($67.74 billion) at the end of 2016.

But it's the two-way trade relationship that has continued to underpin the prosperity of Australia with almost one third of its exports bound for 皇冠体育app, Ciobo stressed.

Australia's rich natural resources, Ciobo said, have also played a vital role in 皇冠体育app's growth story as an important input to its manufacturing base.

"Australian resources and energy exports have powered 皇冠体育app's economic growth over the past 30 years. Australian companies not only supply resources used in 皇冠体育app's industrial sector, but are also developing resources projects jointly with Chinese companies," he added.

However, as 皇冠体育app looks to transition out of the manufacturing industry towards new technology innovation and the services sector as part of its rejuvenation strategy, Ciobo sees this transition as an opportunity to build further cooperation and partnership with 皇冠体育app.

"This will pave the way for a new era of trade growth between the two countries that is increasingly based on services, innovation and exchange of new ideas between Chinese and Australian institutions and businesses," Ciobo said.

"The launch of Australia's Shanghai Landing Pad and the opening of 皇冠体育app's Torch Innovation Park at the University of New South Wales are already good examples of our investment and innovation cooperation," he said.

The Australian Landing Pad is a program established by the government which aims to nurture creativity and startup companies. The first Australian startup arrived at the Innovation Landing Pad in Shanghai in February, connecting both sides' investors, technologies and markets.