In China, everything is possible, but
nothing is easy: a report from the Australia-China BusinessWeek in Melbourne.
Australian
Business Forum held its fourth year of Australia-China BusinessWeek now the
major national annual Sino-Australia business event. On 3-4 August 2011
at Crown Melbourne, over 600 participants including sponsors such as the
Institute of Public Accountants, Shangri-La, China Eastern and Servcorp,
attended the two day of event including a forum. This high-profile business
event showcased and explored the unique business, investment and trade
opportunities for companies looking to enter or increase their presence in
China. read more
ACBW Feature Articles
ACBW 2011 Review
Airline changes direction
Strategic has a new name and new routes as it enters the no-frills market, writes Clive Dorman. read more
China to kick-start Internet biz development
Miao Wei, the minister of the Ministry of Industry and Information Technology, claimed at the conference that henceforth they would promote the development of the Internet and utilize it to support and facilitate the transformation of the development mode of China's economy and to promote the restructuring of industry. Miao said the Internet can be conducive to the development of the economy and society as well as the improvement of people's lives.
Miao said the ministry will develop the Internet in four aspects. First, they will accelerate development and popularized applications, especially network infrastructure construction. They will produce a safe and credible information communication network infrastructure on the basis of broadband technology, mobile technology, IPV6 technology and the network structure optimization.
Second, they will enhance the exploration and popularization of new Internet technology and business, and acquire the key technologies, such as the Internet, the Internet of Things and next-generation cloud computing.
Third, they will accelerate the penetration and diffusion of Internet technology and business inside various industries; promote Internet applications in the service industry, and support the rapid development of producer services industries, such as the network financial industry, modern logistics and high-tech services as well as consumer services, such as trade services and tourism.
Fourth, they will strengthen the management of the Internet and the safety of information; enhance special control and self-discipline; improve capabilities of avoiding, realizing and dealing with Internet and information safety problem, and create a healthy and cultural Internet environment.
Meanwhile, Ministry of Industry and Information Technology will actively promote a multilateral, democratic and transparent International Internet basic resources management system and facilitate the balanced development of the Internet all over the world. read more
Chinese investment an opportunity, not a threat
JUST as the story of the world in the past two decades has been the rise of China, I believe Australia's story over the coming decades will be profoundly shaped by our relationship with this still-rising giant. read more
Victoria set to lead the way in China links
Victoria needs to have a more global focus for a rapidly changing global economy. This means equipping our economy and our people with a high level of Asian literacy, strong intercultural competence, leveraging the deep linkages between our people, targeting and welcoming foreign direct investment. It also means addressing our weaknesses, including Victoria's poor productivity performance. read more
BHP chairman confident Australia can pull through global turmoil
BHP Billiton chairman Jac Nasser is confident of Australia's economic strength in the face of global financial turmoil and the long-term China story, but warns the country not to be complacent about its advantages. read more
China boom to continue
CHINA'S appetite for Australian commodities will last at least another decade despite the recent Communist Party move to slow economic growth to avoid inflation.
The reassurance came yesterday from China's envoy to Melbourne, who noted that Australia avoided recession after the global financial crisis because of China's demand for Australian commodities.
''With the United States and Europe's continuing weakness, the performance of China's economy has attracted global attention,'' said Weiqiang Shi, consul-general of the People's Republic of China.
''Australia is even more concerned about China's economic growth as it has a big stake in China's prosperity. China is still deeply engaged in the process of urbanisation and industrialisation [and] I wish to reassure Australians here that China's demand for commodities will continue to grow for the next decade at least.''
Speaking at the Australia-China Business Week in Melbourne, Mr Shi said China's latest five-year plan introduced an economic growth target of 7 per cent. The economy grew by 9.6 per cent in the first half of this year, compared with the same period last year. Annual economic growth was running at 12 per cent in early 2010.
read moreThe Business Allure of India for Australian Organisations
With over 1.2 billion people, a growing middle class and a young educated population, virtually every business in Australia can find a market in India for their products or services. For any business, India has five major attractions: its large population, high domestic consumption, strong economic growth and performance, and its status as a major global export market. read more
Advertising On Social Media Networking Giants Set To Overshadow Online Search Advertising in 2012
The sudden boom in social media networking has left advertising giants with new challenges, as they prepare for major changes in 2012. Sydney-based online business expert, James Schramko says he is hardly surprised. read more
Africa’s Riding the Red Dragon
As a general rule, the most successful man in life is the man who has the best information read more
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