China, NSW govt put trade on the menu

Premier Mike Baird has spruiked the relationship between NSW and China at a state dinner to honour a senior Chinese government official.

His Excellency Mr Hu Chunhua

A series of agreements have been signed to strengthen Australia's economic ties with China. (AAP)

There were 30 billion reasons to talk over a lavish state dinner in Sydney to honour a visit by the most senior government official of China's most populous province.

Premier Mike Baird hosted Hu Chunhua, party secretary of China's Guangdong province, on Monday at Sydney's Shangri-La Hotel to spruik the deepening ties between NSW and its sister state.

Shortly before an entree of seven-hour braised pork shoulder and a main course of roast beef fillet with a braised black bean and chilli beef rib, Mr Baird told guests that trade between NSW and China is now worth $30 billion.

"It's a very important day," Mr Baird said.

"A day by all accounts that has continued to build on the momentum that is the relationship between China and Australia, and NSW in particular."

Mr Baird said a newly released report by KPMG and the University of Sydney shows China has invested $7 billion in the state over the past year, an increase of $6 billion from 2013.

The report also shows 72 per cent of all Chinese investment in Australia flows through NSW.

Mr Hu hailed his visit as a success.

The party secretary was earlier taken on a harbour cruise, leaving him with a "beautiful impression" of Sydney.

"Guangdong province and NSW are sister provinces and states, but our friendship is much more special than that," he said, noting the sister relationship was his province's first and dated back to the Wran government in 1979.

Mr Hu earlier witnessed the signing of agreements between several business groups.

He said efforts should be made to boost tourism between Australia and Guangdong, China's "economic powerhouse", and to expand two-way trade.

NSW has been working for many years to strengthen relations with Guangdong, which is the largest economy of China's 31 provinces and among the world's 15 biggest economies. It recorded a gross domestic product of $1.1 trillion in 2014.


Share

2 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world