Commentary: China and Australia’s partnership of prosperity sets global example – Xinhua

by Will Koulouris

SYDNEY, June 17 (Xinhua) — China and Australia have long enjoyed a solid economic partnership built on ensuring mutually beneficial outcomes, and a development of strong interpersonal and cultural links between both nations.

Refuting biased reports on China by some Australian media, Chinese Ambassador to Australia Cheng Jingye told a packed forum in Canberra this week that “those people are not willing to see the continued growth of the friendly cooperation between the two countries and two peoples,” and furthermore that some Australian media are trying to “instigate China panic.”

Despite differences, the relationship between China and Australia is developing faster than at any time in recent history, with a new report entitled “Partners in prosperity: The benefits of Chinese investment in Australia” released on Thursday by Deloitte Access Economics highlighting the positivity and primacy of the burgeoning partnership between Australia and China now, and into the future.

Without any shadow of a doubt, Chinese investment is critical to the ongoing financial success of Australia, and the report itself highlighted a number of relevant case studies that demonstrated not only the importance of the collaborative partnership between the two nations, but also the unique way in which Chinese investment allows for the autonomy of the existing operations following the capital injections made.

This autonomy comes in the form of maintaining Australian management and Australian workforces, resulting in outcomes that are geared towards maximizing the potential of the partnership, without infringing upon the inalienable rights of the Australian side.

In fact, the reality of this investment is that not only is there this independence, but the investment also leads to a greater intercultural connection between China and Australia.

The friendship between China and Australia is built on positive outcomes, but it is in some part defined by the differences…

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