The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Post-cultural revolution, China was one of the world’s least developed countries. However, this changed rapidly as the opening of China to foreign investment and encouraging private competition by Deng Xiaoping closed the gap in per capita GDP with other fast-growing economies, outperforming the more established and advanced economies.
A free trade agreement was finalised between Australia and China on 17 November 2014, and formally signed in Canberra on 17 June 2015 by Australia’s Trade and Investment Minister, Andrew Robb, and Chinese Commerce Minister, Gao Huchen.
Asia Pacific has witnessed a surge in free trade agreements (FTAs) since the 2010s, reflecting the region’s greater economic integration. The surge in trade agreements creates many opportunities for economies and business: