Opportunities for Aussie exporters in Southwest China
Channel: Austrade
Date: 2021-09-24

The Southwest of China offers a range of opportunities for Australian business. Chengdu and Chongqing are new Chinese first tier cities – with GDP growth exceeding China’s national GDP growth last year – and are powered by a middle class that know how to spend. This consumer spending power presents ongoing opportunities for Australian businesses in select premium food and beverage products, functional foods, complementary medicines, education, and when borders reopen, tourism.
 
Rapid growth in the Southwest has also sped up urbanisation which has been a source of opportunity for Australian design firms. Australian companies have won a range of tenders for landmark projects.
 
As home to one of China’s top three hospitals, a skilled health workforce, and a range of leading bio industry parks, the Southwest also offers opportunities for the healthcare sector, particularly in the areas of biotech and medtech production, aged care, primary care and allied health training, and investment in Australia for clinical trials.     
 
In the current challenging circumstances of COVID and trade tensions, businesses should continue to make commercial decisions based on a thorough assessment of risk and opportunity, and obtain professional advice where necessary.
 
If you are interested in entering the Southwest China market, please contact Austrade at https://www.austrade.gov.au