Weekly Impressions - Australia's export revolution to China's rising middle class

Sam Ferraro

Global Founders Funds Management

A number of developments in the past week offered a reminder that Australia’s exports to China are undergoing a revolution thanks to inexorable rise of China's middle class. At a time when BHP dropped to a decade low, the news-flow in Australia focused on the growing shortage on supermarket shelves of Bellamy’s baby formula, while overseas arrivals from China continue to surge. Chinese demand for Australia's agri-food products, vitamins, wine, tourism, higher education and other non-commodity goods and services will continue to grow strongly and help diversify our export basket. In an environment where the aggregate supply of growth in Australia remains anaemic, the rise of China's middle class is a powerful and seductive investment theme that offers strong growth prospects to Australia's non-commodity exporters. (VIEW LINK)


Sam Ferraro
Senior Portfolio Manager
Global Founders Funds Management

Managing Director of Global Founders Funds Management, Sam has over 20 years experience in financial markets, with Merrill Lynch, JBWere and Goldman Sachs.

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