Treasurer Tim Pallas has rounded out a 12-day international roadshow in Shanghai, meeting with key stakeholders and investors to talk about business, growth and food and fibre exports.
During his visit, the Treasurer visited the Huawei Technologies R&D Centre and held high level talks with a number of investors. A business round table was also hosted with representatives from industry and potential investors.
The Treasurer provided an overview of Victoria’s infrastructure and economic development agenda, and the challenges and opportunities presented in planning for growth. He was also updated on the state of China’s economy.
New opportunities that e-commerce presents for Victorian food and fibre exports to China, namely in beef, wine and also wool, were also discussed.
The Shanghai leg is the final part of the Treasurer’s international roadshow with Treasury Corporation of Victoria that has seen him visit key stakeholders and institutional investors in London, Paris, Dubai and Shanghai.
The Treasurer has been spruiking Victoria's economic credentials, strong balance sheet, as well as the Andrews Labor Government's commitment to make a record $22 billion investment on Victoria’s infrastructure.
China is Victoria’s number one trading partner. It is also Victoria’s number one source of international students and tourists, as well as Victoria’s number one destination for food and fibre exports.
The Government has five Victorian Government Business Offices (VGBOs) in China: Shanghai, Nanjing, Beijing, Chengdu and Hong Kong. This is the largest presence of any Australian state government.
These offices work closely with Victorian organisations to help them grow their presence in the region.
Quotes attributable to Treasurer Tim Pallas
“A strong relationship with China means more jobs and growth for Victorians.”
“China is our number one source of international students and tourists, and our number one destination for food and fibre exports.”
“Chinese investors are looking at Victoria as a place to invest, and I was proud to tell them about Victoria’s strong economic position, our Triple-A credit rating and our extraordinary potential for growth.”
Reviewed 19 August 2020