Australia places China high on innovation agenda
Australia is placing China high on its innovation agenda, as part of its plans to boost innovation. The Australian government announced plans last month to establish an innovation hub for entrepreneurs in Shanghai.
China was always going to be a logical place to create one and it's great to see the government thinking beyond mining, energy, agriculture and education, which have formed the basis of the trade relationship between China and Australia, said Australia Chamber of Commerce Chair Tracy Colgan.
"Some have questioned what Australia has to add to this highly innovative and competitive marketplace in China," Colgan said.
"It's a good point, and anyone who has spent time in China will notice how far ahead in adopting technology this market is when compared to Australia."
"I can pay for vegetables at a street market in Beijing with my smartphone using WeChat."
Colgan noted however that Shanghai was the wrong location for the hub.