Australia must show its continued relevance to China as the Chinese economy evolves and patterns of consumption change, says Tony Cripps, Chief Executive Officer, Australia, HSBC.
China is pushing hard on its overseas investment strategy, which will also advance the internationalisation of the renminbi. Australia is well positioned to reap the benefits.
HSBC Australia has decorated branches in Sydney with banners and rainbow flags to celebrate Sydney’s Gay and Lesbian Mardi Gras. It has also put messages on ATMs and display screens in branches across New South Wales.
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Chinese companies have been stepping up their global investment spree in the past 12 months. Mergers and acquisitions by private companies are becoming the key drivers of China’s outbound direct investment.
Emerging economies have increased their share of global trade but overall growth has slowed. Our trade economists explain that new trade deals could promote much-needed reform in the face of continued protectionism.
Southeast Asia has long been a promising but disparate collection of smaller markets, but that is rapidly changing. Economic cooperation is set to reach a new level on 31 December 2015.
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