Insights shared at ACBC Victoria event

At a recent Australia China Business Council Victoria event, we heard more about the changing trajectory and shape of China’s growth story. HSBC is revising their China growth forecast down to 4.8%. And interestingly, growth and investment is shifting away from the more traditional housing and infrastructure sectors towards renewable energy.

Right now, Australian exports to China are primarily commodity driven; but as China embraces an energy transition, there are new opportunities in energy production and supply of commodity components. It’s likely Australian trade and exports will naturally evolve to meet these needs.

At Harmony, China is one of our key markets for premium Wagyu beef and despite current growth forecasts slowing, we’ll always take a long-term view.

We’re also constantly looking at ways to innovate and evolve our business to meet changing customer needs and create greater efficiencies. While using renewable energy at scale in a cost-effective way at our feedlots is currently challenging, we are committed to trying new approaches and we’re getting better at working in more sustainable ways.

Thank you to the Australia China Business Council Victoria and Virginia Birrell for providing our CEO Anthony Fellows the chance to share his thoughts on the growing trend towards fintech and the opportunities that will create for export businesses like ours.