October 20, 2012

Fuelling the dragon: natural resources and China’s development. An ASPI-Brenthurst Foundation publication

http://www.aspi.org.au/publications/publication_details.aspx?ContentID=349&pubtype=10
Wednesday, 29 August 2012
In May 2012, ASPI and the Johannesburg-based Brenthurst Foundation co-hosted a major international dialogue on natural resource demand and China’s economy. Held in Zambia, the event brought together experts and policymakers from Africa, Australia, Latin America and elsewhere.
Our growing interest in Africa is being shaped by China's changing relationship with the continent. China sees Africa as an opportunity.
Australia has significant and growing interests in Africa's resource sector, with Australian companies having an estimated current and prospective investment of more than US$20 billion.
China's relationship with Africa is also surging ahead. Annual two-way trade has risen from under $5 billion in the mid1990s to around $150 billion today. Chinese investment totals $40 billion today from virtually zero 15 years ago. China imports 1.5 million barrels of oil daily: one-third of its requirements are from Africa.
Australia has built up a considerable degree of trust with China as a reliable resource supplier. This provides Australia with considerable capacity-building opportunities with Africa, including in the private sector.
This report considers China’s long-term resource interests from both Australian, African and Latin American perspectives.
It finds that beyond capacity-building Australia and Africa need to engage in more dialogue on how any cooling Chinese growth might impact our mineral producers and how we can best benefit from China's rise as a great power.
The report finds that Africa and Australia both know the resources boom may not last forever and so we shouldn't squander the opportunities that it offers.
This report was launched by the Hon Kevin Rudd, MP, at the Africa Down Under Ministerial Dinner on 29 August 2012, at the WA Museum in Perth. Event information can be found here.

4 comments:

Anonymous said...

Υour moԁе of eхplaining everything in this post іѕ in fact good, еvery one
be able to without dіfficulty know it, Thankѕ a lоt.
Feel free to visit my website ; Winyourexover.com

Anonymous said...

great issues altogether, you just received a new reader.
What might you recommend about your submit that you made a few days in the past?
Any sure?

my web-site - root canal cost

Anonymous said...

I геаlly like what yοu guуs tеnd to be up tοο.
This sort of clever woгk and eхρosurе!

Кеep up thе awеsοme woгkѕ guys I’ve іnсluded уou guys tο blοgгоll.


Take а look аt my blog; organic reviews

Anonymous said...

A perѕon necessarіly help to make ѕignificantly
posts ӏ might state. That iѕ the fiгst tіmе I frequented
your websitе page and to this pοint? I
amazeԁ with the analysis уou made to make this actual submit extгaοгdinary.
Greаt tаsk!

Feel frеe to suгf to my ωeb ρage .
.. organic potting soil