China is Queensland’s largest trading partner and growing to be a major investor in the State.

Economy

Predicted to become the world’s largest economy in the near future, China’s growing middle class and proximity to Queensland offer significant opportunities for Queensland companies.

Trade

The China-Australia Free Trade Agreement (ChAFTA) will ensure that Queensland businesses will benefit from agreed tariff reductions when exporting products to China, including:

  • agriculture and processed food,
  • resources,
  • engineering
  • and manufactured products.

Investment

The implementation of the China-Australia Free Trade Agreement (ChAFTA) will stimulate Chinese investment in a number of strategic industries including:

  • agribusiness
  • commercial/tourism properties
  • and hi-tech industries

China will shift its economic model from ‘quantity growth’ to ‘quality development’ and Chinese companies will invest in sectors beyond resource extraction.

This plus the continuing growth of personal income and educated population will see China’s services sector become increasingly important with opportunities presenting in:

  • tourism
  • healthcare
  • niche food products
  • technology
  • and renewable energy.

With a focus on food security and internationalisation, China’s US$1.25 trillion in outward direct investment expected over the next decade make it a target for investment attraction across a range of sectors.

Shanghai skyline

China opportunities

CurrentMid termLong term

Current

  • Food and agribusiness
  • Education and VET
  • Direct Investment for agribusiness and tourism facilities
  • Energy
  • E-commerce
  • Lifestyle products (food and services)
  • Nutraceuticals

Mid term

  • Aged care and health care
  • Renewable energy
  • R&D collaboration
  • Incubator and creative technology

Long term

  • Sustainable urban development
  • Sustainable design
  • Advance healthcare
  • Financial services
  • Advanced manufacturing
  • Resources and energy

Sector opportunities in China

China urbanisation plan

Urban development

“One belt, one road” is a chance to partner with Chinese companies to access traditional Chinese construction markets of Africa, Middle East and Central Asia.

The National “New Type” Urbanisation Plan provides opportunities to bid for US$100b infrastructure development and services projects every year to 20201 targeting 2nd and 3rd tier cities.

Food security a priority for China

Food and agribusiness

Expected urban population of 61% by 2020 means less land for agri purposes. This situation, together with food safety concerns, is driving demand for imported high protein foods, as well as for increasing Chinese investment into Queensland agriculture.

Go younger trend

Education and training

China’s rising middle class and ‘go younger’ trend will continue to drive opportunities across several areas including English language, vocational training and higher education.

China is the number one source of international students in Queensland with 19,250 student visa enrolments in 2015 .

Relevant library resources Complete library

China Market Overview

November 29, 2016

Export market overview and commissioner profile for China

View this resource

Commissioner’s intel: How to take your business to China

View the videos below, and hear from TIQ’s Trade and Investment Commissioners as they speak of the opportunities in China.

Zijian Zhang: Business trends in China: Emerging opportunities in the market

Zijian Zhang: Practical tips: Hands on advice for doing business in China

Zijian Zhang: Doing business with China? Learn how TIQ can assist

Zijian Zhang: opportunities in food & agribusiness sector

Zijian Zhang: opportunities in education & training sector

Zijian Zhang: opportunities in urban infrastructure & knowledge industries sector

Zijian Zhang: A Queensland education success story in China

Zijian Zhang: Tips for entering the China market