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Is Australia or china better to start a business.

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Is Australia or china better to start a business.

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-          The support of the Chinese government is rather extensive and also the wide availability of money in the market, especially venture capital and private equity. Chinese private risk capital has started to mature and professionalise in the last five years. The Chinese (consumer) market is large and growing. This means that entrepreneurs have possibilities to scale their business. It is a very particular advantage that the Chinese market has; business has room to grow more than in many other countries. The policy and regulation is still changing and upgrading, which may mean new opportunities. It’s a good living laboratory for entrepreneurs to try out their business ideas. At the same time, when businesses grow up and industries mature, a better regulated environment in terms of consistency and clarity is desired. China’s environment for entrepreneurship is quite facilitative of building business ecosystems and external partnerships with stakeholders. It is relatively easy for entrepreneurs to find other partners, resources and investors.

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The Australian economy has experienced continuous growth and features low        -unemployment,

-contained inflation,
-very low public debt,
strong and stable financial system.

Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control

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China
Consumer Confidence in China decreased to 122.30 Index Points in January from 122.60 Index Points in December of 2017. Consumer Confidence in China averaged 109.61 Index Points from 1991 until 2018, reaching an all time high of 124.60 Index Points in August of 1993 and a record low of 97 Index Points in November of 2011.

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Australia
$1.52 trillion
Ranked 13th.
China
$8.36 trillion
Ranked 3rd.  5 times more than Australia

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Australia
- the legislature (or Parliament)
-commonwealth
China
- communist

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Tax rates for companies and individuals 

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Tax rates for companies and individuals 

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China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role - in 2010 China became the world's largest exporter. Reforms began with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, creation of a diversified banking system, development of stock markets, rapid growth of the private sector, and opening to foreign trade and investment. China has implemented reforms in a gradualist fashion.

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Australia
The Westpac Melbourne Institute Index of Consumer Sentiment in Australia declined 2.3 percent from the previous month to 102.7 in February 2018. It was the first decline in three months, amid recent volatility in global financial markets and a modest fall in commodity prices. The sub-index of personal finances compared to a year ago dropped by 4.5 percent and confidence for the next 12 months dipped by 3.1.

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Rates of economic growth over the past 5 years

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Rates of economic growth over the past 5 years