New Agreement Brings China Closer

12:37' 06-06-2018
Victorias relationship with China has grown stronger, with the signing of a partnership between leading neuro and sleep diagnostics company Compumedics and Chinese health check organisation Health 100.

    Kết quả hình ảnh cho Compumedics and Health 100

    Photo: smallcaps.com.au

    The two year agreement, announced by Premier Daniel Andrews in Hong Kong on 1 June, has the potential to generate US$100 million in trade. Health 100 will purchase an initial one million sleep tracker devices from Compumedics, with further orders expected to follow.

    The partnership is a result of a trade and jobs panel hosted by the Premier in Shanghai last year. It will create up to 20 jobs in Melbourne immediately, with more expected as Compumedics continues its expansion into the Chinese market.

    The Premier also announced that Asia Society, the leading global institute forging closer ties between Asia and the West, will soon set up an Asia Society Australia Centre in Melbourne. The new Centre will be the Australian and Southern Hemisphere home for the Society’s global programs in policy, education and the arts.

    The Premier's visit to China was his fourth in four years, delivering on a promise to strengthen Victoria’s relationship with China, increase trade and create jobs. In 2016 the Government set ambitious targets for trade, education, and cultural relations with China, through Victoria’s new China Strategy, “Partnerships for Prosperity”.

    Targets and achievements so far include:

    • Upping Victoria’s share of Chinese investment to Australia from 8% to 25%.

    • Exceeding the state's 10 year target for Chinese post-graduate students in two years.

    • Increasing Victoria’s exports to China from $6.5 billion to $10 billion in two years.

    • Increasing overnight spending by Chinese visitors to $2.7 billion, only $0.7 billion short of the 2026 target.

    • Securing a $2 million Asia Gateway Program, helping Victorian companies increase their export capabilities with China and other key Asian markets.

    Huey L

     

     

     

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Keywords: chinarelationshipvictoria

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