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.
After almost a decade of trade rounds, Australia has finally signed a free-trade agreement with China, its largest trading partner. Although Australia's trade ties to China are already strong, they mostly involve minerals and energy.
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