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China's Economic Revolution Is Showing Up All Over Australia

  • Five charts from Australia show China's shift to consumption
  • Chinese lap up Aussie vitamins, beef as more mainlanders fly
Bloomberg business news

China Boosts Australian Services

A Chinese economic satellite some 4,000 miles from Beijing is signaling the nation’s bid to remodel its growth drivers is making headway.

Australian data show that China’s transition to consumption-led growth is intensifying and helping to boost non-resources industries Down Under at a crucial time for both economies. At the same time, Australia is emerging from a China-fueled mining boom and seeking new opportunities to provide food, services and health products to its biggest trading partner.