Investment, exports and jobs focus of Chinese delegations to SA
Bilateral trade and economic collaboration opportunities leading to new jobs and investment are the focus of a two day visit to South Australia by more than 200 high-level delegates from our sister-state province Shandong.
The delegates from the north-east region of China, with a population of more than 95 million, are here until September 8 and are taking part in a full program of business activities, including a visit to the Royal Adelaide Show, where they will meet with export-ready South Australian companies, and view the award-winning Shandong exhibition.
Meanwhile, 40 international buyers from Hong Kong, Guangzhou and Shanghai arrive in South Australia today to source premium food, wine and consumer goods from local businesses.
Delegates will take part in:
- the Shandong-South Australia Economic Cooperation Forum, to discuss opportunities for collaboration and investment in the trade, agriculture and food processing, life science, aged care, investment, and water and environment sectors.
- a SA Food and Wine Showcase at the National Wine Centre where delegates will sample wine and food and meet producers and wine makers.
- visits to northern Adelaide, the Barossa Valley and the Southern Districts where they will meet existing and potential trade partners.
- a trade event hosted by Port Adelaide Football Club at the Adelaide Convention Centre, where 29 South Australian companies will showcase products including food, wine, vitamins, seafood, beverages, and luxury items including South Australian opals.
One of the key aims in hosting the Shandong group, led by Governor Gong Zheng, the highest-ranking officials in the People's Government of Shandong, is growing bilateral trade and cementing existing relationships to enable SA to tap into the expanding Chinese consumer.
China continues to be South Australia’s largest two-way trading partner, with two-way trade close to AU$4billion in 2016-17.
South Australian commodity exports to China were valued at AU$2.27 billion in the 12 months to June 2017, making up 19.9 per cent of the State’s total exports.
International student numbers to South Australia, from China, have increased by approximately 11 per cent in the year to December 2016. (Chinese student number was 12,663 in 2015 and increased to 14,047 in 2016).
The South Australia-China Engagement Strategy sets out how the state can capitalise on China’s demand for goods and services.