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) enables Queensland businesses to benefit from agreed tariff reductions when exporting products to China, including:

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

Investment

The implementation of the China-Australia Free Trade Agreement (ChAFTA)  is stimulating Chinese investment in a number of strategic industries, including agribusiness, commercial and tourism properties, and high-tech industries.

China is shifting its economic model from ‘quantity growth’ to ‘quality development’ and Chinese companies are increasingly investing in sectors beyond resource extraction.

This combined with the continuing growth of personal incomes and number of educated people will see China’s services sector become increasingly important with opportunities presenting in:

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

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

Shanghai skyline

China opportunities

CurrentFuture

Current

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

Future

  • Aged care and health care
  • Renewable energy
  • Resources and energy
  • Research and development collaboration
  • Incubator and creative technology
  • Sustainable urban development
  • Sustainable design
  • Financial services
  • Advanced manufacturing

Sector opportunities in China

Belt and Road and National New Type Urbanisation Plan

Urban development

‘Belt and 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 2020 targeting second- and third-tier cities.

Food and agribusiness

Expected urban population of 61% by 2020 means less land for agricultural 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.

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 22,073 student visa enrolments in 2016.

Relevant library resources Complete library

China Market Overview

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