As China’s Two Sessions unfold, AustCham China Chair Vaughn Barber shared his insights with Global Times on the opportunities highlighted in the Government Work Report and their implications for Australian businesses operating in China.

Vaughn Barber, Chair of AustCham China, emphasized the importance of China’s economic growth strategies, trade policies, and regulatory reforms for Australian businesses. He highlighted the need for predictable and consistent regulations to build business confidence, with Australian companies seeking greater market access, transparency, and legal certainty. Member companies of AustCham China are particularly interested in these areas, as they look to expand their presence in China.

Barber noted key areas in the Government Work Report, such as boosting domestic demand, technology and innovation, and the green economy, which create opportunities for Australian collaboration. Member companies are particularly interested in these areas as they seek to leverage China’s technological advancements and environmental goals to drive mutual growth. He added that China’s economic outlook remains positive, with businesses aligned to China’s priorities—like advanced manufacturing and green energy—well-positioned to benefit.

Barber also welcomed China’s continued openness to foreign investment, highlighting strong potential for Australian businesses across various sectors, particularly those aligned with China’s modernization goals. Member companies in industries such as mining, agribusiness, education, and healthcare are poised to take advantage of the evolving business environment.

This story was originally reported by Global Times and can be accessed: https://enapp.globaltimes.cn/article/1329539