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“The Chinese Dream belongs to both China and the world.”
This was what Mr. Li Huaxin， Consul General of People’s Republic of China in Sydney， Australia， spoke to the audience when he delivered a speech in the University of Sydney last September. This March， in Shanghai， he spoke of this topic again to the journalists of China Business Focus （CBF）.
“After President Xi Jinping put forth the Chinese Dream， this concept was immediately placed under the spotlight in China. Meanwhile， many international media and scholars， including the ones in Australia， paid close attention to this as well，” Mr. Li said. “In my opinion， the Chinese Dream certainly refers to the dream and goal the Chinese people are working hard to realize， and simultaneously， the development of China will benefit the entire world.”
The Dream of Cooperation
Why is that？ That’s because China’s development will bring about many opportunities to other countries. And of course Australia is one of them. “The Chinese Dream is a Dream of Cooperation，” Mr. Li stressed.
“My journey to Shanghai this time gave me an opportunity to know about the development of Shanghai （Pilot） Free Trade Zone in half a year after its establishment，” Mr. Li said. “In the process I found that this would bring a great opportunity to the China-Australia cooperation. Since one of our most important goals in the Free Trade Zone is to develop the service industry， which Australia is extremely good at and contributes to 70% of its GDP. Australia has comparative advantages in law， finance， medical service and the like. From that viewpoint， I believe that the China-Australia cooperation has a bright outlook in the future.”
Mr. Li’s confidence is backed by a group of facts： China and Australia had already reached agreements on the direct trading between Renminbi and Australian dollar， which is very important for the internationalization of China’s currency. Up to now， five major Chinese commercial banks have started their business in Sydney and several top Australian banks also set up branches in China.
The financial cooperation is more than setting up banking branches. Bank of China， one of the state-owned banks in China， reached an agreement with Australian Stock Exchange （ASX） on the cross-border trade settlement with Renminbi， allowing RMB to be directly used for the trade inside ASX. It was followed by Asia Pacific Stock Exchange （APX）， one of the top three stock exchanges in Australia that was bought and re-initiated by overseas Chinese businessman George Wang’s AIMS Financial Group. Soon after that two Chinese companies got listed in APX. Though the two companies were small in size， Mr. Li believed that this， in addition to the facts mentioned above， signaled the super-fast development of financial cooperation between China and Australia. But just like visiting the Free Trade Zone that is only a part of Mr. Li’s journey back in Shanghai， the cooperation between China and Australia is more than finance and service. As we all know， China has been the biggest trading partner with Australia and imports a lot of iron ores and other resources from Australia every year. However， Australians raised concerns on the recent focus of China on smog and environmental protection. They fear that China， an important buyer of Australia’s minerals， would reduce the import， which could affect the China-Australia trade relationship and Australia’s economic development.
However， in Mr. Li’s opinion， Australian fears are understandable yet unnecessary. The adjustment of China’s economic structure and development pattern indeed slowed the GDP growth of this country， but this is a very normal result for China which longs for the sustainable development of economy. This sustainability means the continuation of economic development and that calls for the importation of raw materials.
Mr. Li believed that China’s efforts to reduce the smog would not hurt the China-Australia trade. Instead， it means more opportunities. “So far as I know， Australia has its own advantages in the technologies of monitoring and improving air and water quality， which might not be needed by Australians. They are eager to export these results of scientific research to other countries. Nevertheless， China is in great need of these technologies，” Mr. Li told CBF.
“Several government officials and scholars of Australia have already seen this，” he added. “In their reports or speeches， they mentioned that trade between China and Australia should be beyond minerals. The two countries could take agriculture， service and technology as the key fields for their mutual cooperation and development. Australia has things China needs and so does China for Australia. Therefore， I believe that there is a great outlook for the cooperation between China and Australia.”
The Dream of Peace
In spite of his confidence and optimism， Mr. Li admitted that there were some misunderstandings in Australia –and other parts of the world – about the Chinese Dream. Just like the longexisting opinions about the threat from rising China， some people believe that the Chinese Dream might bring a powerful and “vicious” China to the world.
For example， the increasing investment from Chinese enterprises， especially the state-owned enterprises， in Australia is questioned from time to time in this country. These deals are usually subject to the special reviews by the Australian government before approval. This， as Mr. Li thought， is unfair given China’s role as the largest trader with Australia. Another negative example is with the agriculture. With the fear that the Australian agriculture might fall into the hands of Chinese， the Australian gov-ernment has tightened the requirements of investment approval into agriculture by lowering the minimal investment amount that triggers the governmental supervision and examination from AUS$40 million to AUS$15 million.
For this， Mr. Li said： “Australians could completely abandon the worries. Firstly， China’s investment （into agriculture of Australia） is very small. Secondly， the investment is good for both sides. As a country with a huge population， China is in great need of high-quality agricultural products. The government should encourage this development instead of encumbering it.”
Such a statement could be used not only for the investment， but also the all-round relationship of China with Australia and other countries. As Mr. Li has summarized – actually， he prioritized this point – the Chinese Dream is a Dream of Peace， meaning that China， which is rising along with the Chinese Dream， will pose no threat to Australia and any other country in the world.
Mr. Li told CBF that the Australian and Chinese governments are negotiating on the bilateral free trade agreement（FTA）， which would grant Chinese investment with the same benefits and convenience enjoyed by the allies of Australians.
Speaking of Australian allies， it is noteworthy that new Australian government led by Tony Abbott， might have some contradictories towards the diplomatic relationship between China and Australia， especially when it comes to some core interests. For this， Mr. Li stressed that the Australian government should remain impartial to any party on the issues concerning core interests， such as the territorial disputes. “I hope that the Australian government could understand the contexts of the problems and hold an objective opinion towards these cases，” Mr. Li said. “China has no will， no intention and no power to disrupt the alliance between Australia and the U.S. （or other Western countries）. China and Australia could achieve a win-win result through equal and mutually beneficial cooperation.”
This once again highlights Mr. Li’s summarization of the Chinese Dream– the Dream of Peace and the Dream of Cooperation. “China’s development is good not only for itself， but also for others. A stronger China will never undermine the benefits of other countries，” he told CBF.
Bridging the Gap between China and Australia It is not an easy task to have all Australians correctly understand the Chinese Dream and the meaning of Chinese development for Australia given the disparities in the development history， social system， value and culture between China and Australia， but Mr. Li said that there were improvements on those aspects thanks to the efforts of China.
As the Consul General of China in Sydney， Mr. Li， as well as other diplomats from China， is standing in the frontline of China’s diplomacy and given the task to boost the cooperation between China and Australia. “The Consulate General has been working hard on this matter， which is an important part of our routine work，” he said.
According to Mr. Li， the development of cooperation between China and Australia could bring each Australian household an additional income of AUS$13，000 every year. This is one of the benefits China can bring to Australia. In his opinion， one of the major tasks for them is to publicize these ben- efits to Australians and encourage them to work actively to improve ChinaAustralia relationship.
Thanks to their efforts， a lot of Australians have already recognized it. Together they work hard to keep the dissonant accidents from affecting the bilateral relationship between the two countries.
There are more efforts from others. Mr. Li mentioned that there were 820 thousand Chinese citizens choosing Australia as their first destination of their overseas trips. About 700 thousand Australians came to China for tour or business too. There are more and more Chinese and Australian students studying in the schools of the other country. The exchanges between Australians and Chinese show their eagerness to understand each other.
In addition， the frequent flights between the two countries， the 72-hour visa-free transit policies in some Chinese cities provided for Australians and the increasing popularity of Chinese education in Australia all prove that the improvement in the cooperation and relationship between China and Australia is a trend that no one can stop.
“This year is the 42nd year after the establishment of the diplomatic relations between China and Australia. In the past four decades， the relationship between the two countries had dramatic improvement and extended to wider fields，” Mr. Li told CBF. “If there is any conclusion gained from China-Australia relationship， it should be that the disparities in culture， social system， history and value between two countries should not stand in the way of our mutual cooperation. We can study and work for our mutual benefits. This is what China and Australia did in the past and are going to do in the future.”
This was what Mr. Li Huaxin， Consul General of People’s Republic of China in Sydney， Australia， spoke to the audience when he delivered a speech in the University of Sydney last September. This March， in Shanghai， he spoke of this topic again to the journalists of China Business Focus （CBF）.
“After President Xi Jinping put forth the Chinese Dream， this concept was immediately placed under the spotlight in China. Meanwhile， many international media and scholars， including the ones in Australia， paid close attention to this as well，” Mr. Li said. “In my opinion， the Chinese Dream certainly refers to the dream and goal the Chinese people are working hard to realize， and simultaneously， the development of China will benefit the entire world.”
The Dream of Cooperation
Why is that？ That’s because China’s development will bring about many opportunities to other countries. And of course Australia is one of them. “The Chinese Dream is a Dream of Cooperation，” Mr. Li stressed.
“My journey to Shanghai this time gave me an opportunity to know about the development of Shanghai （Pilot） Free Trade Zone in half a year after its establishment，” Mr. Li said. “In the process I found that this would bring a great opportunity to the China-Australia cooperation. Since one of our most important goals in the Free Trade Zone is to develop the service industry， which Australia is extremely good at and contributes to 70% of its GDP. Australia has comparative advantages in law， finance， medical service and the like. From that viewpoint， I believe that the China-Australia cooperation has a bright outlook in the future.”
Mr. Li’s confidence is backed by a group of facts： China and Australia had already reached agreements on the direct trading between Renminbi and Australian dollar， which is very important for the internationalization of China’s currency. Up to now， five major Chinese commercial banks have started their business in Sydney and several top Australian banks also set up branches in China.
The financial cooperation is more than setting up banking branches. Bank of China， one of the state-owned banks in China， reached an agreement with Australian Stock Exchange （ASX） on the cross-border trade settlement with Renminbi， allowing RMB to be directly used for the trade inside ASX. It was followed by Asia Pacific Stock Exchange （APX）， one of the top three stock exchanges in Australia that was bought and re-initiated by overseas Chinese businessman George Wang’s AIMS Financial Group. Soon after that two Chinese companies got listed in APX. Though the two companies were small in size， Mr. Li believed that this， in addition to the facts mentioned above， signaled the super-fast development of financial cooperation between China and Australia. But just like visiting the Free Trade Zone that is only a part of Mr. Li’s journey back in Shanghai， the cooperation between China and Australia is more than finance and service. As we all know， China has been the biggest trading partner with Australia and imports a lot of iron ores and other resources from Australia every year. However， Australians raised concerns on the recent focus of China on smog and environmental protection. They fear that China， an important buyer of Australia’s minerals， would reduce the import， which could affect the China-Australia trade relationship and Australia’s economic development.
However， in Mr. Li’s opinion， Australian fears are understandable yet unnecessary. The adjustment of China’s economic structure and development pattern indeed slowed the GDP growth of this country， but this is a very normal result for China which longs for the sustainable development of economy. This sustainability means the continuation of economic development and that calls for the importation of raw materials.
Mr. Li believed that China’s efforts to reduce the smog would not hurt the China-Australia trade. Instead， it means more opportunities. “So far as I know， Australia has its own advantages in the technologies of monitoring and improving air and water quality， which might not be needed by Australians. They are eager to export these results of scientific research to other countries. Nevertheless， China is in great need of these technologies，” Mr. Li told CBF.
“Several government officials and scholars of Australia have already seen this，” he added. “In their reports or speeches， they mentioned that trade between China and Australia should be beyond minerals. The two countries could take agriculture， service and technology as the key fields for their mutual cooperation and development. Australia has things China needs and so does China for Australia. Therefore， I believe that there is a great outlook for the cooperation between China and Australia.”
The Dream of Peace
In spite of his confidence and optimism， Mr. Li admitted that there were some misunderstandings in Australia –and other parts of the world – about the Chinese Dream. Just like the longexisting opinions about the threat from rising China， some people believe that the Chinese Dream might bring a powerful and “vicious” China to the world.
For example， the increasing investment from Chinese enterprises， especially the state-owned enterprises， in Australia is questioned from time to time in this country. These deals are usually subject to the special reviews by the Australian government before approval. This， as Mr. Li thought， is unfair given China’s role as the largest trader with Australia. Another negative example is with the agriculture. With the fear that the Australian agriculture might fall into the hands of Chinese， the Australian gov-ernment has tightened the requirements of investment approval into agriculture by lowering the minimal investment amount that triggers the governmental supervision and examination from AUS$40 million to AUS$15 million.
For this， Mr. Li said： “Australians could completely abandon the worries. Firstly， China’s investment （into agriculture of Australia） is very small. Secondly， the investment is good for both sides. As a country with a huge population， China is in great need of high-quality agricultural products. The government should encourage this development instead of encumbering it.”
Such a statement could be used not only for the investment， but also the all-round relationship of China with Australia and other countries. As Mr. Li has summarized – actually， he prioritized this point – the Chinese Dream is a Dream of Peace， meaning that China， which is rising along with the Chinese Dream， will pose no threat to Australia and any other country in the world.
Mr. Li told CBF that the Australian and Chinese governments are negotiating on the bilateral free trade agreement（FTA）， which would grant Chinese investment with the same benefits and convenience enjoyed by the allies of Australians.
Speaking of Australian allies， it is noteworthy that new Australian government led by Tony Abbott， might have some contradictories towards the diplomatic relationship between China and Australia， especially when it comes to some core interests. For this， Mr. Li stressed that the Australian government should remain impartial to any party on the issues concerning core interests， such as the territorial disputes. “I hope that the Australian government could understand the contexts of the problems and hold an objective opinion towards these cases，” Mr. Li said. “China has no will， no intention and no power to disrupt the alliance between Australia and the U.S. （or other Western countries）. China and Australia could achieve a win-win result through equal and mutually beneficial cooperation.”
This once again highlights Mr. Li’s summarization of the Chinese Dream– the Dream of Peace and the Dream of Cooperation. “China’s development is good not only for itself， but also for others. A stronger China will never undermine the benefits of other countries，” he told CBF.
Bridging the Gap between China and Australia It is not an easy task to have all Australians correctly understand the Chinese Dream and the meaning of Chinese development for Australia given the disparities in the development history， social system， value and culture between China and Australia， but Mr. Li said that there were improvements on those aspects thanks to the efforts of China.
As the Consul General of China in Sydney， Mr. Li， as well as other diplomats from China， is standing in the frontline of China’s diplomacy and given the task to boost the cooperation between China and Australia. “The Consulate General has been working hard on this matter， which is an important part of our routine work，” he said.
According to Mr. Li， the development of cooperation between China and Australia could bring each Australian household an additional income of AUS$13，000 every year. This is one of the benefits China can bring to Australia. In his opinion， one of the major tasks for them is to publicize these ben- efits to Australians and encourage them to work actively to improve ChinaAustralia relationship.
Thanks to their efforts， a lot of Australians have already recognized it. Together they work hard to keep the dissonant accidents from affecting the bilateral relationship between the two countries.
There are more efforts from others. Mr. Li mentioned that there were 820 thousand Chinese citizens choosing Australia as their first destination of their overseas trips. About 700 thousand Australians came to China for tour or business too. There are more and more Chinese and Australian students studying in the schools of the other country. The exchanges between Australians and Chinese show their eagerness to understand each other.
In addition， the frequent flights between the two countries， the 72-hour visa-free transit policies in some Chinese cities provided for Australians and the increasing popularity of Chinese education in Australia all prove that the improvement in the cooperation and relationship between China and Australia is a trend that no one can stop.
“This year is the 42nd year after the establishment of the diplomatic relations between China and Australia. In the past four decades， the relationship between the two countries had dramatic improvement and extended to wider fields，” Mr. Li told CBF. “If there is any conclusion gained from China-Australia relationship， it should be that the disparities in culture， social system， history and value between two countries should not stand in the way of our mutual cooperation. We can study and work for our mutual benefits. This is what China and Australia did in the past and are going to do in the future.”