AustraliaTheEconomyofAustraliaEconomyAustraliahasaprosperousWestern-stylecapitalisteconomyAustraliaisself-sufficientinfood,isalsoahighlyindustrializedcountry,anddependsonlargelyonforeigntrade.Australiaindustriesarehighlyconcentrated,with14largenationalmonopolies(垄断部门).Agricultureisoneoftheworld’sleadingproducersoffoodandnaturefibers.-----Itistheworld’slargestexporterofwool,thesecondlargestexporterofmeatandthethirdlargestexporterofwheat.-----Australiaisrichinnatureresources,whichisoneoftheworld’sbiggestproducersofmineralsandmetals.-----Itisamiddle-leveltradingnation.Themainfeatureoftradeisthatithasalwaysinvolvedtheexchangedofrawmaterialsforfinishedproducts.Preliminaryestimate,theGDPofAustraliain2010is1235billiondollars,ranking14thintheworld.Forthepopulationdistribution,differentregions’sharesarequiteuneven.Hereisachartaboutit.Atthementionofeconomy,mostofuswillthinkofitsanothernames——“countryonthesheep”and“countryonthetramcar”.Actually,woolindustryandminingindustryarethemostimportantpartsinAustralia’seconomy.Australianwoolproductionaccountsfor32%ofworldwoolproduction,95%forexport,amongwhich50%ofexportsinAsia,ithasanannualincomeof20billiondollars.Australianwoolcanmeetthe45%worldwidedemandofwool.Therefore,Australiaisawoolkingdom.Merino(美利奴羊)TheamazingproductionisbasedonAustralia’ssheepfarming.Therearemanykindsofsheep,ofwhichMerinoismostproductive.AnadultMerinosheepweighing60-140kg,hiswoolissoft,about20micronsthickand10cmlong.Hiswoolisasuperiorrawmaterials.Persheepcanproduce10-20kilogramsofwoolatatime.Hampshire(汉普郡羊)Cheviot(切维厄特绵羊)BorderDale(戴尔边区羊)Texel(特塞尔羊)Polwarth(波尔沃思羊)Lincoln(林肯羊)PollDorset(无角陶赛特羊)Romney(罗姆尼羊)Drysdale(德赖斯代尔羊)Perendale(派伦代尔羊)TheminingisthepillaroftheAustralianeconomy,takingup5%ofGDP.Over10percentpeopleworkonminingormetalandmineralexport.NaturalresourcesinAustraliaareabundantandvarious.Thereserveofironranksthirdintheworld,coalrankingsixth,aluminium(铝)rankingthird.Inadditiontocommonmetals,raremetalresourcesarealsorich,suchasgold.Australiaisthethirdgoldexportingcountry.TherichresourcesinAustraliadrawinvestors’attentioninthewholeworld.RecentlymuchChinesecompaniesmarchedtoAustralia.Theyhavesignedcontractstoimportvariousminerals.InthepastfewyearsAustraliahasgotmoreandmoreconnectionswithChina.NowChinahasbecomethebiggestimportingcountryofit.Thetotaltradebetweentwosidesreached44billiondollarsby2007.Thoughwoolproductionandminingareprosperous,serviceindustryarethemostimportantpartandhasthemostrapiddevelopment.Itmakes65%ofGDP,withover74%ofworkforceofAustralia.Serviceindustrycontainsrealestate,bankingandinsurance,communications.AustraliaandChinahaveestablisheddiplomaticrelationsforalmost40years.Inthe2008economycrisis,Chinasupporttimelyeconomicaid.ThegreatdemandforAustralia’commoditiesstimulateitsexports.ThenChineseinvestorscometoAustraliatoseekfornewchancesNowadaysthetotaltradehasreachedaunprecedentedheight.ThetiebetweenChinaandAustraliabecomestrongerandstronger.Maybeitwillgiveusanewprospect.Thankyou