Super Trade Mission to China may bring investment opportunity
As the largest trade mission ever to leave Australia, there was plenty of thought behind Victoria’s Super Trade Mission to China.
Australia’s largest international trading partner has a lot to offer in terms of investment opportunity, business, market potential and future prosperity.
Having made strides in various industries – including energy, health, information technology and communications (ITC), research and many more – the mission has largely been considered a beneficial development for the state and the country as a whole.
The Property Council of Australia today (September 27) endorsed its support for the mission, declaring it a resounding success and expects valuable outcomes for the Victorian property industry.
Victorian executive director of the Property Council Jennifer Cunich said relationships have been built across key economic sectors.
“The various meetings helped bring together investors, customers, financiers, business partners and industry organisations from both Victoria and mainland China,” said Ms Cunich.
“Over the next few years we expect these new relationships to deliver significant outcomes, especially in the areas of infrastructure financing, city planning, sustainable urban design and investment in Australia’s residential and commercial property markets.”
Ms Cunich congratulated the state on facilitating a successful mission, noting that the mission comes at a juncture where business activity has declined.
“This mission represents an important first step in helping turn that situation around,” she said.
Investors in Victoria looking to capitalise on the investment opportunity presented by the burgeoning Chinese market may wish to focus their attention to tourism real estate.
Visitor expenditure grew by eight per cent to $905 million in the year ending June 2012, according to a statement from the Victorian government.
State premier Ted Baillieu also declared the state’s intention to raise Chinese visitor expenditure at 11 per cent per annum to 2020.
This would represent a value of $2 billion in Chinese visitor expenditure and 41,700 Victorian jobs.
Got something to say? Post a comment...
You must be logged in to post a comment.