Australia eyes expanding Asian middle class
10 JUL, 2012
HONG KONG: Asia’s rapidly expanding middle class will become a key market for Australia’s goods and services this decade, the country’s Treasurer Wayne Swanwill tell business leaders in Hong Kong Wednesday.
Australia’s coal, gas and minerals have helped fuel Asia’s economic boom but Swan is expected to say goods and services have equal potential as the benefits of growth flow into the pockets of Asian consumers.
“The Asian region is rapidly becoming the epicentre of global activity as the weight of economic power shifts from West to East,” Swan will tell the Australian Chamber of Commerce, according to a draft speech sent to AFP.
Asia’s middle class is growing by around 110 million….”