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# 18.10.2018 - 11:41:54
CANBERRA， June 14 (Xinhua) -- Australia needs to focus on 10 key areas to ensure continued economic growth， according to a report released on Tuesday. The report， from the Committee for Economic Development of Australia (CEDA) -- the country's leading independent economic think tank -- identified the 10 areas as innovation， competition policy， education， workforce participation， infrastructure， fiscal resilience， tax reform， federalism， workplace relations and climate change. It comprises the second part of CEDA's 2016 series on repairing Australia's economy. CEDA CEO Professor Stephen Martin said with Australia's federal election fast approaching it was vital that both parties provide sustainable plans for Australia's economic growth. "Encouraging innovation， improving overall education outcomes and introducing competition reform to previously protected areas are other key areas explored，" Martin said in a media release issued on Tuesday. "To maintain Australia's economic prosperity and ensure we continue to create high paying jobs of the future， Australia needs a genuine growth agenda to improve our competitiveness， increase economic flexibility and drive investment in economic infrastructure and our people. "Australia is well positioned economically but with the right reform it can do better and increase the likelihood of continuing success in a highly competitive global economy." The report said that durable future-proof economic policy has allowed Australia to maintain a good economic position through extreme circumstances. "The nation's economic expansion has not occurred by chance alone but due to robust policy settings that enabled and incentivised the nation to respond to a range of extreme and sometimes hostile circumstances，" it said. "The country has also managed to digest the most sustained and pronounced mining boom in its history through appropriate economic incentives and effective management of fiscal monetary policy." Australia's gross domestic product (GDP) as of 2013 is 1.56 trillion U.S. dollars compared to a gross debt of 300 billion U.S. dollars as of January 2016. HO CHI MINH CITY Packers Kenny Clark Jersey , April 2 (Xinhua) -- Vietnam's national women football team, with 1,630 points, retained its 34th position in the Federation of Football Associations (FIFA)'s latest ratings. It ranked second in Southeast Asia after Thailand (29th in the world) with 1 Packers Vince Biegel Jersey ,651 points. In Asia, Vietnam placed 7th, while Japan (4th in the world) took the lead, followed by the Democratic People's Republic of Korea (8th in the world). In the world rankings Packers Jamaal Williams Jersey , Germany took the top spot, with the United States as second and France third, local Vietnam News daily reported Thursday. by Xinhua writer Li Laifang BEIJING, Jan. 19 (Xinhua) -- The reputation of China's domestic dairy industry has been badly damaged by production-related scandals and despite demand Packers Montravius Adams Jersey , farmers have turned to dumping milk and slaughtering cows to cut their losses. This situation, coupled with plummeting milk prices globally last year, means that measures must be taken to heighten the competitiveness of the dairy industry. A CLOUDY HISTORY Milk dumping is not a new phenomenon in China. Multiple factors have led to the current surplus in domestic dairy market, with accusations of substandard milk production due to poor supporting facilities damaging the sector. This has resulted in many buyers simply refusing to honor their purchase contracts Packers Josh Jones Jersey , a situation that especially effects individual and small-hold dairy farmers. Domestic dairy companies established their own farms to guarantee the supply and quality of fresh milk. But dairy firm Sanlu, once the market leader, was hit so hard by a 2008 scandal over melamine-tainted baby formula that it could not bounce back, and was declared bankrupt. The second half of 2013 was characterized by a shortage of fresh milk Packers Kevin King Jersey , so many farmers invested in dairy cows to capitalize on the lucrative opportunity. However, the high costs associated with milk production meant that the issues of quality and confidence began to rear their ugly heads again. After a serious drop in demand at the end of last year, dairy farmers in several provinces again began to throw away milk and sell their herds. CONFIDENCE AT HOME Many young couples avoid domestic brands of baby formula, while other people will only drink foreign milk brands. They do not trust the quality of local brands. Certain milk producers have embarked on heavy promotional activities in malls and supermarkets in an effort to inject confidence in the domestic milk market. China's per-capita milk product consumption is less than one third of the world average. Therefore Packers Josh Jackson Jersey , there is still plenty of potential to further exploit milk consumption among its 1.3 billion people. But before products can be marketed to customers, the domestic dairy industry must be modernized and streamlined, so as to enhance production and reduce costs. Otherwise it cannot compete at home, let alone internationally. Dairy cooperatives and associations must be more active in protecting the interests of farmers Packers Jaire Alexander Jersey , by stabilizing prices and supervising production. 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