Australia's Shadow Treasurer Chris Bowen has proudly declared on his website:
Today I’m leaving on a 4 day trip to Beijing, China to discuss a range of economic matters.
Over the course if the trip I am meeting with a range of academics, China policy specialists and representatives from global international organisations such as the International Monetary Fund.
This includes meetings with Jia Qingguo, Professor and Dean of the School of International Studies at Peking University and Dr Chu Shulong, a US-China relations policy expert.
I will also participate in a Roundtable on China’s international outlook, hosted by Dr Wang Huiyao, Founder and President of Centre for China and Globalization, the largest independent global think tank in China,
The trip is sponsored by the public policy initiative “China Matters” and I will be accompanied by the founding director and Chief Executive Officer of China Matters, Linda Jakobson.
China Matters appears to be a family affair. Its website is registered in the name of one Chris Lintz (see record below) who states on his Linkedin profile:
Currently assisting my wife Linda Jakobson with her public policy initiative China Matters Ltd. Please see www.chinamatters.org.au for more details.
Specialties: China representative office management and establishment of representative offices in China. Fluent in Chinese (Mandarin). Extensive knowledge of China's machinery industry and oil & gas industries; industrial standards in China for the machinery industry, oil & gas industry and power sector (including nuclear).
Ms Jakobson's views on business with China are in the usual "must do more to trade with China, and must understand China better to ensure Australian commercial prosperity".
Some examples:
......Australians are missing opportunities because of reluctance to invest in China. Despite the fact that the consequences of China’s economic transformation have been apparent for a decade, Australia’s economic relationship with China continues to be largely transactional (resources or food products are shipped to China). Xi Jinping’s reforms merely reinforced goals set by his predecessor: to make growth consumption-driven rather than investment-led and reliant on the services sector rather than manufacturing. The overwhelming majority of Australia’s GDP derives from the services sector, but services only comprise about 20% of Australia’s exports
These views would be treated with derision by most Asian businessmen(many of them ethnic Chinese from Malaysia, Singapore)who have been venturing into China since at least the mid-90s. Their experiences have not been happy, and many would not today consider that they are "missing opportunities because of reluctance to invest in China'". Lee Kuan Yew's Suzhou Industrial Park was one of the most high profile examples of why any business would prefer to forego these "opportunities".
It is strange that the likes of Chris Bowen and other policy makers would rather ignore LKY's experience and choose instead the guidance of consultants like "China Matters" when it should be obvious that profit seeking businessmen gambling their own money are likely to have better intelligence of these missed "opportunities".
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