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7/28/2019 China and Sydney Australias Growing Business Partnership
1/8
china &
new South waleS
A dynamic partnership
7/28/2019 China and Sydney Australias Growing Business Partnership
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g r
the
placeto
New South Wales (NSW), the State in which youll
fnd Sydney, is these days globally established asa highly desirable destination in which to live andwork. With our temperate climate, unparalleled
natural beauty and relaxed, multicultural liestyle,NSW and Sydney have one o the highest qualities
o lie in the world.
Fuelled by a well-trained, well-educated and
multilingual workorce, Sydney and NSW continueto thrive, embracing and leading a national culture
o innovation and taking it to all new levels.
Sydney alone accounts or nearly a quarter o
Australias gross domestic product, and is thelargest State economy in the country. Its largereven than the national economies o Malaysia,
New Zealand and Singapore. And with renownedresearch leadership in smart technologies rom
next generation communications to advancedrobotics and solar energy, to name a ew weve
got a frm eye on the uture.
Today, New South Walesstands out as a perfectinvestment destination.
With our strong economy,low-risk business landscape,skilled workforce and aninfrastructure to rival thebest globally, investors fromChina will not only nd thebest foundations on whichto build their business, butalso a welcoming, friendlycommunity.
7/28/2019 China and Sydney Australias Growing Business Partnership
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o wmutually beneficial relationship
A global superpower like China needs trading
partners and investment destinations it cancount on. Sydney and NSW are ideal, with our
unmatched standard o products and servicesoering plenty o opportunities or Chinas
economy to continue to grow.
I the 2009-10 business year is any indication,
were onto something great. Bilateral merchandisetrade between NSW and China stood at A$21.6
billion, making China our most signifcant tradingpartner. Imports rom China to NSW were worth
A$18.4 billion, consisting largely o ofce andcommunication equipment, as well as appareland clothing.
Exports rom NSW to China were worth almost
A$3.2 billion in the same fnancial year, made up omineral uel and oil, ores, animal hair (mainly wool),yarn and abric, and specialised machinery (mainly
or use in civil engineering, including mining).
Its a trade relationship as diverse as it is benefcial,
with links in agriculture, environmental protection,fnancial and legal services, education, tourism,
architectural design and building products,
biotechnology services and telecommunications.
investing in each other
Beyond trade, investment is another area that
has shown growth. In 2010, China invested A$12.82billion in Australia, an increase o 41.5 per centrom the previous year.1 Australia returned the
avour, directly investing A$6.7 billion in thesame year.
1 ABS, Cat. No. 5352.0, International Investment Position,Australia, Supplementary Statistics, 2010
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Sydney and NSW are globally competitive
and a business hub or the Asia Pacifc.
With Australias largest State economy,
NSWs various industries make a signifcant
impact at a national and global level.
We have the largest manuacturing and
services sectors in the country. And with
Sydney being Australias global city, when
you invest here, you put yoursel on the
international map.
a closer looK at the nsW economy
NSW is the hub o Australias economic
activity with most headquarters
o leading oreign banks and
international corporations. Sydneys
competitiveness has attracted more
than 75 per cent o Australias ICT
Asia Pacifc regional headquarters.
The variety o Asian languages spoken
here has also attracted regional customer
service centres or the Asia Pacifc. The
State has the most diverse economy and
is a leading low cost and world scale
producer o resources. The State has
the largest:
manuacturing industry
number o ICT specialist businesses
exports o medicinal and
pharmaceutical products
fnancial services industry
ood and beverage industry
post-production and digital
and visual eects industry
number o creative services employees
share o international tourists.
NSW has strengths in a variety o sectors,
providing the capacity to withstand
changing economic conditions.
a secure business environment
Australia is fnancially and politically
stable making NSW a low-risk business
environment. Our economy is resilient with
well-regulated legal and banking systems.
a DVSgloBalcooMY
a financial hub
NSWs fnancial services industry makes
up nearly hal o the entire nations
sector output2, including services in
banking, non-deposit fnancing, unds
management, fnancial asset investment,
insurance and superannuation unds,
auxiliary fnance and insurance services.
Sydney is the regional centre or banking
and insurance, oreign exchange,
equities, utures and managed unds
and services to fnance companies in
the Asia Pacifc.
Our highly experienced companies are
ready and waiting to work with you in
addressing the restructuring o Chinas
fnancial services sector in the most
positive and proftable way possible.
2 ABS, Cat. No. 5220.0, Australian National Accounts:
State Accounts, 2009-10
SwSghS
& aSSS
Sydney is agood choice toestablish ourbanks Australianbase becausethe city has awell-developedfinancial servicessector. Sydney waschosen as a keyregional locationin the SouthernHemisphere,and it will be animportant additionto the Banks globalnetwork.
Bank o Communications
7/28/2019 China and Sydney Australias Growing Business Partnership
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logistics & infrastructure
Transport is big business in NSW.
In act, NSW is responsible or 26 per
cent o Australias total reight haulage.The reight transport and logistics
industry is estimated to account or
up to 11.2 per cent o NSWs gross
state product.
There are joint venture opportunities in
transport companies with considerable
presence in the resources sector. And
the reight industry is always open to
additional participants, particularly in
the arena o heavy vehicles, presenting
another opportunity or investors.
Beyond logistics, inrastructure is
another area were improving. Byadopting various initiatives, including
improvements in broadband, energy,
port productivity and land transport,
we can continue to progress into
the uture.
agri-business
Sydney is a modern international city,
and the gateway to an Australian ood
bowl in the State o NSW.
Our rich and diverse growing environment
is recognised internationally, as is our
highly diversifed ood industry with
strengths in wine, grain, dairy, ruit,
vegetables, meat and seaood.
Our agricultural industry continues
to grow, thanks to our clean, disease-
ree growing conditions and diversity
o soil types, topography and climates,
allowing us to produce goods o the
highest quality at the lowest cost.
And it doesnt end with agricultural
produce. About one third o Australiasprocessed ood production, investment,
research and development takes place
in NSW, adding urther scope to the
burgeoning industry.
As China continues its reorms
to consistently meet international
standards in production, processing,
packaging and handling, were
more than able to contribute.
mining & resources
Exploration and mining companieschoose NSW because o its large,
diverse and rich mineral deposits,
including coal, as well as metallic,
industrial and construction minerals.
Companies characterise NSW as a
location with developed and easily
accessible inrastructure, low average
operating costs and a highly skilled
pool o workers.
With the continuing support o the
State government, this is an industry
waiting or you to make your mark.
facts
our diverse industrindspe urrenty
unts fr:46 per ent f
austris finne ndinsurne industry
42 per ent f teinfrmtin medind mmunitins
industry
37 per ent f te
prfessin, sientifind teni servies
36 per ent f terts nd reretin
servies
32 per ent f te
mnufturinindustry
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china construction banK
With over 13,400 branches, almost 300,000
employees and a market value o US$247 billion,
the China Construction Bank is one o the top
10 banks in the world by market value.
When it came time to open its frst Australian
branch, Sydney was the ideal choice. And withChina set to become the worlds largest banking
market, the China Construction Bank is a vital
addition to our fnancial services sector.
The NSW Government helped the bank establish
itsel in Sydney by arranging introductions to key
industry contacts and advising on various visa
requirements. And we can guarantee that it was
a well-made move.
Other Chinese banks represented in NSW include:
Bank o China
Industrial and Commercial Bank o China
Agricultural Bank o China
Bank o Communications
the Peoples Bank o China.
suntech poWer
Suntech is the worlds largest producer o solar
panels or residential, commerical, industrial and
utility applications. With regional headquarters
in China, Switzerland and the United States and
gigawatt-scale manuacturing worldwide, Suntech
has delivered more than 13,000,000 photovoltaic
panels to over 1,000 customers in more than
80 countries.
Suntech invests millions o dollars each year
in long-term research partnerships with Sydney
company CSG Solar and the University o NSWs
globally-renowned solar research acility the
ARC Centre o Excellence or Advanced Silicon
Photovoltaics and Photonics. Suntechs chie
executive ofcer, chie operating ofcer and chie
technology ofcer are all alumni o the university.
In partnership with NSW-based Infgen Energy,
Suntech has received State Government planning
approval to build NSWs frst commercial solar
arm as part o the Australian Governments
Solar Flagships program. The solar arm would
use advanced technology developed by Suntech
in collaboration with UNSW.
With strong ties to NSW, Suntechs work in
developing and commercialising advanced solar
technology is making it possible or millions o
people in China, Australia and around the world
to harness natures cleanest and most abundant
energy resource.
SucceSS
StorieS
Sydney was a natural choice to establish our regionaloffice. The city has a high concentration of skilledfinance professionals, a well-regulated market anda growing number of Chinese firms specialising infinance and resource-related industries.
The Peoples Bank o China representative ofce or the South Pacifc
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The NSW Government, throughits NSW and international ofces,helps companies invest and dobusiness in Sydney and NSW.
We oer:
introductions to potential business partners,
universities and training institutions,
property agents, management, legal and
fnancial services frms, regulatory and
government authorities
business statistics benchmarking Sydney
and NSW against other locations
advice on registering a business in Australia
market visits or your business in Sydney
meetings to help you recognise investment
opportunities
other assistance on a case-by-case basis.
We go Where you go
The NSW Government Business Ofces
in Shanghai and Guangzhou are your
contact points or inormation about trade,
investment and business opportunities in
Sydney and NSW.
The China Desk in Sydney has dedicated
Chinese-speaking sta to assist Chinese
investors. The sta can acilitate introductions
to government regulators and bodies and
provide introductions to potential business
partners in the market.
in Support
oF inVeStMent
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NSW DEPARTMENT OF TRADE AND INVESTMENT,
REGIONAL INFRASTRUCTURE AND SERVICES
Level 47, MLC Centre, 19 Martin Place, Sydney NSW 2000
GPO Box 5477, Sydney NSW 2001, Australia
Tel: +61 2 9338 6600 Fax: +61 2 9338 6950
NSW Government Business Ofce Guangzhou
Unit D, Level 10, Development Centre Building
3 Linjiang Dadao, Pearl River New City
Tianhe District, Guangzhou, 510623, P. R. China
Tel: +86 20 3785 3009 Fax: +86 20 3785 0037
Email: guangzhou@sydneyaustralia.com.cn
NSW Government Business Ofce ShanghaiUnit 2208, Level 22, CITIC Square
1168 Nanjing Road West
Shanghai 200040, P. R. China
Tel: +86 21 5292 8833 Fax: +86 21 5292 5557
Email: shanghai@sydneyaustralia.com.cn
Tourism New South Wales, North Asia
Tel: +86 21 5292 8833 Fax: +86 21 5292 5557
Email: tnswsh@sydneyaustralia.com.cn
NSW Government China Desk
L48, MLC Centre, 19 Martin Place
Sydney NSW 2000, Australia
Tel: +61 2 9338 6748 Fax: +61 2 9338 6728
Email: china@business.nsw.gov.au
IMT-M
99-0
5/11
For Further inForMation ViSit
www.SYDneYauStralia.coM
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