What Happened
China, Australia Trade Increased in 2012
Local newspaper Business Spectator quoted the report that each Australian household gets benefit of around AU$14,480 ($13,300) a year from Australian trade with China, up by more than 50 percent in five years.The report shows that in 2012, Australia imported AU$46 billion ( $42 billion) worth of goods and services from China and exported nearly AU$80 billion (73.6 billion). At the same time,Chinese visitors to Australia spent AU$4.2 billion ($3.8 billion) in 2012 and they are staying longer and spending more with Asia expected to contribute more than half of the growth in international tourists in the decade up until 2020, and 42 percent are expected to come from China.
Myanmar-China Gas Pipeline Starts to Deliver Gas to China
A Myanmar-China natural gas pipeline (Myanmar section), co-invested by six parties from four countries including China, Myanmar, South Korea and India, was inaugurated in northern Myanmar's Mandalay on 28th,July and started to deliver gas to China.The pipeline is part of a so-called Myanmar-China Oil and Gas Pipeline project, which also includes building a crude oil pipeline. Starting from Kuaykphyu, it passes through Rakhine state, Magway and Mandalay regions and Shan state and enters Chinese territory at Ruili, Yunnan province through Namhkan.The gas pipeline stretches for 793 km onshore within Myanmar's territory with six processing stations, while the crude oil pipeline, which is nearing completion, starts from Made Island and extends onshore for 771 km.The gas pipeline has a designed annual throughput of 12 billion cubic meters before off-loading in Myanmar. The transmission capacity of the crude oil pipeline on the Myanmar side is designed at 22 million tons per year with a 300,000-ton crude oil wharf being added.After the completion and commissioning of the whole project, 2 million tons of crude oil and 20 percent of the designed throughput of gas will be off-loaded in Myanmar, which will be helpful to promote Myanmar's economic development and people's living standards.