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A study on financial service trade between Australia and China.
- Article from:
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Economic Papers - Economic Society of Australia
- Article date:
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March 1, 2008
- Author:
- Fengjuan, Xiao; Turner, Lindsay
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Copyright informationCOPYRIGHT 2008 Economic Society of Australia. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This article analyses the current position and potential problems in the Australia-China financial service trade. The world's financial service trade is underdeveloped compared with world merchandise trade. Similarly, the Australia-China financial service trade is also underdeveloped compared with bilateral merchandise trade. The major reasons lie with the late development of bilateral financial service trade, weak promotion by the Australian Government and China's immature legal and market system. The conclusion offers suggestions on how both sides might achieve success in the area of financial service trade in the negotiation of a bilateral free-trade agreement.
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