China & Hong Kong
Victorian Government Business Office
Victoria’s relationship with China
|Victoria has a strong relationship with China which includes a history of mutual business participation. Victorian Government Business Offices in Shanghai, Beijing, Nanjing, Chengdu and Hong Kong play a vital role in the facilitation of trade and investment. |
China continues to be of vital importance to the Victorian economy, being Victoria’s largest import source and largest export goods destination in 2013/14. << to be verified >>
Bilateral relations between Victoria and China continue to strengthen. Victoria and Jiangsu Province enjoy a sister-state relationship, and there is also a sister-city relationship between the city of Melbourne and Tianjin.
The conclusion of negotiations for the China-Australia Free Trade Agreement (ChAFTA) were announced on 17 November 2014. ChAFTA lays an historic foundation for the next phase of Australia's economic relationship with China.
ChAFTA will unlock significant opportunities for Australia. China is Australia's largest export market for both goods and services, accounting for nearly a third of total exports, and a growing source of foreign investment.
The Victorian Government looks forward to continuing to foster a mutually beneficial relationship with China through its representatives in Shanghai, Beijing, Nanjing, Chengdu and Hong Kong.
Victoria’s major investors from China
|There are several prominent Chinese companies currently operating in Victoria across a wide range of industries, including advanced manufacturing companies Hisense, Qenos and TCL, and Information and Communication Technology (ICT) companies ZTE, VanceInfo and Huawei. |
Other noteworthy companies with a presence include CITIC, Sinopec , Wugang Australia and China Minmetals Corporation.
Recently a number of Chinese companies have established their headquarters and national operations in Melbourne including the Hong Kong based hotel multinational, the Hind Group, Great Wall Auto subsidiary Haval Motors and the Fu Wah International group.