South Australian opportunities discussed at Australia-China forum
Specific business opportunities in South Australia for Chinese businesses were discussed last week when Investment Attraction South Australia met with senior leaders of major Chinese corporations with significant investments in Australia.
The agency’s director of International Development, Jing Li, held the meetings as part of the China-Australia Cooperation on Economy and Trade Forum in Sydney.
The forum was centred around the high level visit by the Premier of China, His Excellency LI Keqiang in Sydney.
China is South Australia’s major trading partner and our engagement with China is steadily increasing.
In 2016, the state government celebrated the 30th anniversary of South Australia’s Sister-State relationship with Shandong Province, a friendly model of cooperation that unlocks mutual benefits for our economies and people.
In 2016 the People’s Republic of China established a Consulate General in Adelaide recognising the maturity of our relationship. In addition, the Bank of China opened a branch in Adelaide and China Southern Airlines will commence direct flights between Adelaide and Guangzhou.
About 12,000 Chinese students studying in South Australia. In 2016, the number of Chinese visitors to South Australia increased by 17 per cent compared to the previous year, with a total of $1.116 million.
Investment Attraction South Australia offers a dedicated, single point of contact for all prospective investors in the State. It has identified five broad industry sectors for investment which build on the state’s strengths:
- Food and Agribusiness
- Financial and Business Services
- Future Industries and Advanced Manufacturing
- Minerals and Energy
- Technology and Creative Industries.
The agency has an experienced business development team with specialist knowledge in these sectors, who understand business requirements and priorities.
The agency’s business development managers can also provide unparalleled access to decision makers in government and the private sector and streamline the investment process to ensure your business in South Australia is a success.
As an example of how the agency can help investors, in January 2017, a Chinese-owned company opened a milk processing plant in the state’s South East as the first phase of a A$65 million expansion to produce powdered milk formula for infants and adults.
Investment Attraction South Australia helped the company through each critical stage of this project as part of a long-standing relationship between the agency and the company.
The agency helped the company to navigate the relevant planning and development processes, and access training subsidies. The agency also worked closely with the Dairy Authority of South Australia to expedite licensing and accreditation for the production of infant formula.
In addition to its sector-specific capability, Investment Attraction South Australia also has an international development team with experience and knowledge in significant global markets for our state, including China. This team acts as a key point of contact with international government agencies and industry associations and takes part in outbound and inbound business missions.
The agency recently helped facilitate the signing of a Memorandum of Understanding (MoU) between the South Australian Government and The China Development Bank which will actively explore investment opportunities for Chinese businesses in South Australia in sectors including agriculture, infrastructure, tourism, resources and energy, health and aged care.
More information: contact International Development Director Jing Li on +61 8 8303 2902