Sunday, December 05, 2004

Australian firms bullish on China

This is an article about Australian companies, which would like to increase their investments for commodity exports increases. As a developing country, China needs to trade with other countries in the world that have a comparative advantage in a specific good. China was Australia’s second-largest market for exported goods in the nine months to Sept. 30th, 2004. Many companies have already made a plan about investing in China in the coming year because they have confidence in the Chinese substantial economy. However, some economists think that China’s economics is not very strong, and compare it to pie in the sky instead of Promised Land. What do you think about it?

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