The Queensland-China Economic Relationship

James Laurenceson, Deputy Director, Australia-China Relations Institute, University of Technology Sydney

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1. The annual value of Queensland’s goods exports to China is $11.6 billion.[1],[2] This compares with –

• $8.1 billion to Japan
• $6.0 billion to Korea
• $5.3 billion to India

2. The annual value of Queensland’s goods exports to China has increased by $4.9 billion over the past five years.[3] Exports to –

• Japan fell by $3.2 billion
• Korea increased by $0.1 billion
• India fell by $1.6 billion

3. Personal tourism is Queensland’s third largest export earner after coal and beef.[4]  Queensland has welcomed 442,000 visitors from China over the past year, an annual increase of 28.9 percent.[5] This compares with –

• 177,000 from Japan, an increase of 15.1 percent
• 59,000 from Korea, an increase of 17.4 percent
• 59,000 from India, an increase of 19.1 percent

4. Education-related travel is Queensland’s fourth largest export earner.[6] There are currently 14,614 Chinese students at Queensland educational institutions, an increase of 13.4 percent over the past year.[7] This compares with –

• 2,574 from Japan, an increase of 9.8 percent
• 4,530 from Korea, an increase of 9.4 percent
• 8,718 from India, an increase of 1.9 percent

5. Over the past five years Chinese investment in Queensland has totaled $11.2 billion.[8] This compares with –

• $17.4 billion for New South Wales
• $11.4 billion for Victoria
• $9.6 billion for Western Australia

6. China is the 6^th largest foreign land owner in Queensland with holdings totaling 237,490ha.[9] This compares with –

• 2,229,850ha for the UK
• 548,070ha for the US
• 427,900ha for Switzerland

Author

Professor James Laurenceson, Deputy Director, Australia-China Relations Institute, University of Technology Sydney