Getting the Australia-China relationship right

Author: 
Peter Drysdale
Shiro Armstrong
Sam Hardwick
Yongjun Zhang
Youwei Yuan
Xiangdong Liu
JEL codes: 
Abstract: 

Australia–China trade has continued to grow strongly over the past two years despite highly negative commentary about the two countries’ bilateral relationship. Two-way goods trade expanded by 17.5 per cent in 2018, five times faster than global trade growth, topping A$192 billion. The success of the trade relationship is built on commitments to international market-based growth in Australia and China, the global trade rules under which the trade relationship has flourished, and both countries’ putting in place bilateral arrangements such as the China–Australia Free Trade Agreement (ChAFTA) that deepen those commitments.