Geoff Raby on How Much Longer can Australia Rely on Chinese Demands…

Geoff Raby was interviewed by the Global Mail on what China’s off-the-books figures mean for Australia…

Geoff Raby

“I tend not to bother with provincial data. The simple self-evidently supportable fact is that the broader Chinese economy is twice the size as it was seven years ago and is tracking to double in size every decade. That’s what really matters to economies like Australia.”

Raby admits that if China’s slowdown does turn into a hard landing, Australia will be affected, and “our living standards could face a big cut”. But his view of the China horizon doesn’t include that. China is now Australia’s leading trading partner, and that’s irreversible[…] “No country will ever replace China at number one in economic importance to Australia.”

Read the entire article here…

Dr Geoff Raby

Dr Raby was the Australian Ambassador to China from February 2007 to August 2011 and Deputy Secretary of the Department of Foreign Affairs and Trade (DFAT) from November 2002 to November 2006. He has held a number of senior positions in DFAT, including First Assistant Secretary, International Organisations and Legal Division (2001-2002), Ambassador and Permanent Representative to the World Trade Organisation, Geneva (1998-2001) and First Assistant Secretary, Trade Negotiations Division (1995-1998). He was Australia’s APEC Ambassador from November 2002 to December 2004.

Today, Dr Geoff Raby is Chairman and CEO of Geoff Raby & Associates, a Beijing-based business advisory firm. In addition to his roles at Geoff Raby & Associates, Dr Raby is Executive Director of Riverstone Advisory, as well as an Independent non-Executive Director on the boards of Fortescue Mining Group, OceanaGold, and SmartTrans. He is also Co-Chair of Corrs Chambers Westgarth’s China Business Group, Senior Advisor to Kreab Gavin Anderson and the President of QIC’s China Business.

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