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China and Australia are doubling down on economic collaboration as bilateral trade hits new highs! According to the China Chamber of International Commerce, goods trade between the two nations grew 4.1% in 2023, marking 15 straight years of China being Australia’s No. 1 trading partner.
The update follows Monday’s Joint Outcomes Statement from their Annual Leaders’ Meeting, where the Chinese premier and Australian prime minister reaffirmed their commitment to a Comprehensive Strategic Partnership. Think of it as a VIP pass for smoother cooperation in trade, tech, and sustainability.
With Chinese demand for Aussie minerals and farm products still strong – and Australian consumers hooked on everything from smartphones to electric vehicles – this partnership is shaping up to be a win-win for Asia-Pacific economies.
According to the China Chamber of International Commerce, goods trade between the two nations grew 4.1% in 2023, marking 15 straight years of China being Australia’s No. 1 trading partner.
