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Citrus Industry Australia and China

In: Business and Management

Submitted By eshrecords
Words 974
Pages 4
Today I am going to reflect on David Thomas’s seminar on Chinese investment in Australia. His seminar was very insightful and I hope to remind you of the points I learnt and possible solutions to the challenges portrayed with theories.

The 12th Five-Year Plan adopted by the Chinese government in 2011 and devotes considerable attention to energy and climate change and establishes a new set of targets and policies for 2011-2015. While some of the targets are largely in line with the status quo, other aspects of the plan represent more dramatic moves to reduce fossil energy consumption, promote low-carbon energy sources, and restructure China’s economy. Among the goals is to "gradually establish a carbon trade market." The Five year plan can be summarized go out, go west and go green.

China’s 'go west' strategy is about moving investment and economic activity from its current concentration in China’s south and its coastline, inland to the flourishing mega-cities of the inner western region.

'Going out' refers to China’s strategy of growing offshore investment. With food security and safety for a billion people a priority for policymakers, external investment in agriculture and food interests is a high priority for investment targets.
Healthcare and education - a bonus for Australian universities - is also a priority, these investments are likely to help China’s pivot from a manufacturing to a service economy.

'Going green' is a delayed attempt to address the consequences of growth-at-all-costs.
In contrast to Australia, China is making colossal investments in 'cleantech' like renewable energy. Its cleantech outlay currently stands at about US$65 billion a year. Spending on renewable energy alone has been growing at a rate of 77 per cent a year since 2008.

There are many challenges that arise when…...

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