China has been Australia's largest trading partner for the past eight years. In 2017, the two countries inked a free trade agreement known as ChAFTA. Last year, bilateral trade reached 107.8 billion U.S. dollars, with China seeing a deficit of more than 30 billion dollars.
Speaking of the trade imbalance, the former trade minister, a strong supporter of and contributor to ChAFTA, said, "They will all balance up in the end if you look at a larger picture."
In addition, Bobb spoke highly of China's efforts in poverty reduction. Official statistics show that China has lifted more than 700 million people out of poverty since the start of its reform and opening-up drive in 1978.
It is "a humanitarian miracle the world has never seen," he said.
Meanwhile, he lauded the influence China's opening-up has brought to the world, saying that "the rest of the world marvelled at the impact China secured through opening up its economy."
Now China is taking a leading position in the digital economy, which is playing an increasingly important part in driving global development into the new era, he said.
"China is now ahead of many countries in the digital economy and a number of innovative industries in a world of fierce competition," he said. "It has jumped a generation to lead in many sectors."
【国内英语资讯:Interview: B&R Initiative a win-win boost for China-Australia cooperation -- fmr Australian】相关文章:
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