China’s challenges amid COVID-19 and great power competition
China has adopted key steps to continue integration with the regional and global economy, sending a strong political signal to the outside world on reform. China signed the trade liberalising Regional Comprehensive Economic Partnership (RCEP), which will be implemented at the beginning of 2022.
Australia must learn to navigate the economic realities of China relations
Australia’s export of 12 disrupted goods to China slumped by a combined US$12.6 billion in 2021 compared to the same period in 2019. China’s total import values increased for seven of the 12 goods, with many other countries picking up the lost Australian sales.