Australian Trade Minister allow IAG’s China to Further
Trade Minister Craig Emerson today Announced That insurance companies Australia Group Limited (IAG) has Agreed to buy 20 percent of China’s Bohai Property Insurance group, said it is to Represent the commercial relations is the between the two countries in the future.
“Australia has become a trusted provider of state of China’s mineral and energy needs for Decades now,” says Dr. Emerson. “This Will not change. But as China’s economic transformation tends to lead to domestic consumption, the Australian companies to offer a panoply of new investment opportunities.
Offering a growth rate of two-digit and 10 million or more residents, all cities seeking outside investors to support the developing industry in order to service Their Populations growing. “Officials and business people in all five cities were the resource persons interested in what Australia has to offer service providers, while the Australian delegation is very happy about striking deals,” says Dr. Emerson.
While the Minister on Chinese and Australian companies namely Gao Fu and Bank of Weifang, in Shandong province of China, Agreed on a joint venture agreement in the operation of wealth. As part of the deal, Gao Fu Will supply wealth management services to Widen Weifang in China’s banking network.
Dr. Emerson also on hand to see the opening of a new plant by the Nova decorative, bathroom ware Brisbane-based company located in Foshan, near Guangzhou.
“I am confident That We Will see similar deals signed as a result of 2.0 Australia-China mission,” says Dr. Emerson.