The Bilateral Trade Volume Between China And Australia Will Exceed 100 Billion US Dollars In 2011.

The Sino Australian economic and trade friendly exchange conference was held in Guangzhou in August 31st. It was learned that the bilateral trade volume between China and Australia in 2011 will exceed $100 billion, especially in energy and Resources In the field, bilateral cooperation has been deepened. Wayne Swan, Deputy Prime Minister and finance minister of Australia, said that in the economic and trade cooperation between China and Australia, the most potential industry is clean energy.

At present, China is Australia's largest trading partner, the largest source of imports, the largest export market, the second largest source of foreign investment, and Australia has also become China's eighth largest trading partner, the seventh largest. Imported Origin. Data show that the bilateral trade volume between the two countries in 1972 was only $87 million, and by 2010, it reached US $88 billion 100 million, while 2011 is expected to exceed US $100 billion.

On the whole, cooperation between China and Australia is mainly concentrated in the field of energy and resources. Wayne Swan, Deputy Prime Minister and finance minister of Australia, said that the output value of the global low carbon industry has reached 48 trillion Australian dollars, and both China and Australia want to have a foothold in this market area. He said Australia has made clear that it will invest 100 billion Australian dollars in the clean energy sector for some time to come. "China has become the largest producer of solar panels. During the '12th Five-Year' period, China also plans to establish a carbon sequestration market, and use the important provinces and cities including Guangdong as a pilot project. This means that in the economic and trade cooperation between China and Australia, there is no doubt that the industry with the most potential economic potential in the future is clean energy.

Vice Minister of Commerce Wang Chao also said that the two sides should not only be in the future tradition In the field of cooperation, we need to strengthen cooperation in service trade, energy resources, especially new energy and clean energy, and strengthen cooperation in low-carbon industries, energy saving and environmental protection industries, infrastructure and modern agriculture.

Cao Wenlian, director of the international cooperation center of the national development and Reform Commission, said that in developing clean energy, developing countries need more advanced countries to provide assistance in terms of capital and technology, and hope that Australia will be in the future. cooperation On the basis of win-win situation, we will provide more assistance to China.