Australia

Helped by its massive natural resources, Australia has weathered the global financial crisis better than other Group of 20 economies. In 2012, its economy grew 3.1 per cent, compared with 1.6 per cent in the United States and 1.1 per cent in Canada. 

The deal removes remaining restrictions on imports of Australian beef to China. Photo: Handout

China removes last restrictions on Australian beef imports

Beijing removed the last remaining restrictions on imports of Australian beef on Friday and announced early-stage plans for joint development of major mine, rail and port projects, in contrast to a growing global trend of trade protectionism.