Australia China Business Council says integration of economies entering intense phase
It's something of a misnomer in Australia's trade relations, but China is still classified as an emerging market.
With around a quarter of Australia's two-way trade in 2015 – almost twice the size of our second-largest trade partner, Japan – China has become a dominant force in the Australian economy. But its legal, judicial and regulatory regimes mean it retains its risk profile as an emerging market.
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