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How will Australian economy adjust to a more service-oriented China?

Discussion in 'Business, Investment and Economics' started by helpme, Feb 26, 2016.

  1. helpme

    helpme

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    Australia was a beneficiary when China was a manufacturing powerhouse gobbling up the world's commodities. Now, China is transforming itself to be more service-oriented instead of manufacturing-oriented, more consumption-based and less investment-driven. This means China will buy less commodities from Australia.

    How will Australia adjust to a changing China and maintain its prosperity?
     
  2. waterbottle

    waterbottle

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    Have you been to any of the universities? We've been exporting Education to the Chinese for a number of years.
    Apart from that, the only other thing we could export is healthcare but that would be to difficult logistically and we'd be in direct competition with the US.
     
  3. luutzu

    luutzu

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    We'd have to adjust and make do with selling them useless stuff like Blackmores vitamin and MBA short courses online. And they think they're the only guys who can sell cheap, useless crab.

    There are geo-political plans in action to stop the rise of China and its ambition for securing its trade routes and supply lines (and taking a few islands and energy and fishery reserves from a couple of oceans near the outposts).
     
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