By Jane Goldsmith
WA resources companies need to reassess their business strategies and operations in the wake of China’s slowdown, according to an international advisory and procurement firm.
The Beijing Axis founder and managing director Kobus van der Wath said WA industry had already felt the impact of China’s slowdown with plunging commodity prices and mass layoffs, but new opportunities could be leveraged in a post-mining boom era.
“The beginning of 2015 has already seen significant bilateral developments in the agriculture, air services and property sectors,” Mr van der Wath said.
“With the milestone achievement of the Australia-China free trade agreement last year, one can certainly expect an expansion and a shift in the strategic relationship between these two countries.”
Mr van der Wath addressed China’s changing growth trajectory and its impact on Australian and world economies at a WA Mining Club event on 26 February.