Similarities Between Australia And China

Economic growth measures a percentage change in the GDP of an economy over a period of time. China and Australia’s GDP growth rates are very different, China having a relatively high GDP growth rate, while Australia’s is only just between the target 2-3%. In

Australia like many 1st world countries is experiencing an ageing workforce. Couples are having fewer children and later in their life, to assist couples the government has introduced a Baby Bonus payment, increase Child Care payments and has an immigration policy targeted to supplement the declining birth rate.

Although Australia remains geographically isolated from the world, international trade still remains a main factor that allows Australia’s economy to prosper. Australia’s long history of trade has created tight links and connections with other nations. Being a member of many worldwide organisations, Australia has produced many free trade agreements with countries around the world. However, recently Australia has seen a change in the composition and direction of its trade and has developed a strong trade link with the Asia-Pacific Region.

Since the 1960s, the labour force for women in Australia had many significant changes which resulted in an enormously increased participation by women. The

China has, for a sustained period of time, been one of Australia's most important trade and economic partners. But this has not always been the case. Since the late 1970s China has moved from a closed, internal focused economy to more of a global market oriented one that plays a major part in other nations economies, like Australia's. Although China is technically a Socialist nation, market capitalism is actively encouraged, much the same as in Australia. In 2010 China became the world's largest exporter, with exports ranging from natural resources to manufactured goods. (CIA-World fact book) Australia's economy, in this sense, differs from that of China's. As Australia is simply too expensive to manufacture goods ("Holden, Ford,

Australia and China adopt very different economic systems in order to cater the best for their society. However, Australia's economic system is more successful than China's and, due to the writer's right-wing value system, will be measured in terms of environmental efficiency, labour and entrepreneurial resource efficiency and the standard of living.

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

Australia’s growth rate 0.6% for 2016 and the poverty is actually growing in Australia estimate 2.5 million people or 13.9% of all people living below the standards.The average wage in Australia in November 2013 was $57,980.The average full-time wage is $74,724.Average weekly earnings are $1,1462 in 3 death occurred among people aged 75.74% were mortality 1907 and 3 in 10 death were from disease 2013.4 in 5 natural causes.Also, 3.6 was the number of infant deaths per 1 thousand live births in Australia in 2013.

Good things have happened due to the Chinese population impacting on Australia’s decision of passing the Immigrations laws. If this event did not occur in the history books, that Multiculturalism that we have today wouldn’t be here. We have realised as a country that we need everyone in our society for it to work, without trading and other markets that is available in different countries Australia would be isolated from all the major business, economic growth as well as

China is one of the biggest countries along with Thailand and Japan who make goods for Australia. Being Australia’s third largest merchandise trading partner and seventh largest service export market in 2003, China might significantly affect the Australian economy through any changes made to its trade policies. A more liberal Chinese trade policy could increase Australia’s income in part through greater market access for its exports. Of every hundred dollars of national

This essay analyses the Australian-China bilateral relationship since 1945 and in particular its political significance to Australia. Many global factors have influenced this relationship, including the advent of the Cold War, the Korean War, the Vietnam War and the collapse of the Soviet bloc European nations. In addition, internal political changes in Australia and China have both affected and been affected by the global changes. It will be analysed that Australia’s bilateral relationship with China has always had a sharp political edge but that approaching the new millenium economics and trade considerations are shaping Australias and for that matter Chinese politics.

In Australia, youth unemployment has averaged 13.49% between 1978 and 2016 (ABC News, 2016), with it currently resting at 13.24% (Trading Economics, 2016). “This rate is almost double of adult unemployment” (Brotherhood of St Laurence, 2016). It is clear to see in figure 1 below.

1) The most important qualification for working in Australia is the ability to speak in English smoothly. On the other hand New Zealand’s most important qualification for working is right skills. [https://www.justlanded.com/english/Australia/Australia-Guide/Jobs/Qualifications]. (Accessed 16/10/15).

The second key national interest of Australia is the economy. Australia’s capital, jobs, standards of living, technological innovations and social advances rely substantially on exports and commodity values within Southeast Asia and the Pacific (Department of Foreign Affairs and Trade 2016a). The stability of South East Asia and the Oceania

Unemployment is recognised as one of the most challenging social problems currently facing Australia. In the last two decades and more recently with the global recession high levels of unemployment have become an established feature of the South Australian social and economic landscape, with young people aged 15 to 24 years among those hardest hit by unemployment.