Rudd has accepted the Chinese invitation to attend the Beijing Olympics.
One thing I didn't realise is Australia is now ranked 7 in the world in terms of GDP, mostly due to China's economic boom.
Quote:
China recently overtook Japan as Australia's biggest trading partner and the country is Canberra's biggest customer for energy and mineral exports, with two-way trade worth A$52 billion ($49 billion) in 2007.
The China-driven boom has rocketed Australians from 15th place in the world in terms of GDP per capita in 1992 to seventh.
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