China continues to hold a prominent position in Australia’s economic landscape. As of the latest Australian Bureau of Statistics (ABS) census data, it remains our largest trading partner. In 2024, China remains the world’s second-largest economy in nominal GDP and the largest in purchasing power parity. This data reaffirms the enduring significance of the “Asian Century” for Australians.
The inaugural China International Import Expo exemplified China’s commitment to international engagement in Shanghai in November 2018. This event attracted participation from numerous countries, regions, international organizations, and enterprises, resulting in substantial trade agreements totalling $57.83 billion.
Regarding demographics, the latest ABS census data indicates a significant number of Chinese visitors, with 1.39 million recorded in the year ending February 2022. Additionally, the 2016 Census highlighted that over 1.2 million people of Chinese ancestry now call Australia home.
In 2024, China’s dynamic landscape continues to hold appeal and opportunities for exploration. Join us on this journey to engage with China’s evolving economic and cultural landscape and understand how this major world player will shape our shared future.