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China delegation to further explore economic opportunities with South Australia

Wednesday, 06 September 2017

China delegation to further explore economic opportunities with South Australia

Forty international buyers from Hong Kong, Guangzhou and Shanghai arrive in South Australia today to source premium food, wine and consumer goods from local businesses.

Approximately 120 South Australian companies will showcase their products to the buyers across a number of events, including the South Australian Food and Wine Showcase at the National Wine Centre this evening.

Buyers will also attend four other trade and networking events, including in South Australia’s iconic food and wine regions; the Barossa Valley and McLaren Vale.

In addition, buyers will tour the Adelaide Hills region, before visiting the Royal Adelaide Show to meet more export-ready South Australia companies.

Background

The four trade events are:

Thursday, 7 September

  •       The Northern Adelaide Trade Event, hosted by City of Playford
  •       The Barossa/Northern Districts Trade Event, hosted by Barossa RDA

Friday, 8 September

  •       The Adelaide Trade Event, hosted by Port Adelaide Football Club
  •       The Southern Districts Trade Event, hosted by the City of Onkaparinga

The government’s South Australia-China Engagement Strategy sets out how the state can capitalise on China’s demand for goods and services.

Key stats

  • China continues to be South Australia’s largest two-way trading partner, with two-way trade close to AU$4billion in 2016-17.
  •  South Australian commodity exports to China were valued at AU$2.27 billion in the 12 months to June 2017, making up 19.9 per cent of the State’s total exports.
  •  Shandong:  with a GDP of AUD$1330 billion in 2016 and 8 per cent GDP real growth, Shandong is China’s third largest economy and is putting in place policies to transform from a large to a strong economy. 
  •  International student numbers to South Australia, from China, have increased by approximately 11 per cent in the year to December 2016. (Chinese student number was 12,663 in 2015 and increased to 14,047 in 2016)
  •  There were 34,000 visitors from China (ending March 2016) and the number increased to 50,000 (until March 2017). The growth rate is 48 per cent.


Quotes attributable to Investment and Trade Minister Martin Hamilton-Smith

South Australia is home to some of the most iconic food and beverage producers, and these events help reinforce our international reputation for quality products, to international buyers.

Our South Australian businesses are already having some success in China and our government is committed to continuing to help open doors for local businesses to access overseas markets, through our extensive program of international engagement.