In 2022, with the trust and support of our business partners and customers, Enrichment Holdings Australia has experienced another decade of growth. We always adhere to the original heart, which is our Enrichment Group's corporate slogan: Complete Your Dream.
After ten years of growth, Enrichment Group continues to build up a solid foundation, expand business areas, make steady progress, continue to grow and optimize our business systems and capabilities, and always strive to provide customers with more quality and efficient services. We keep working hard towards the next decade.
In 2022, based on the original trade of bulk agricultural (secondary) products, resources and building materials, Enrichment Holdings has expanded the field of medical treatment and health. As an important partner, Enrichment Holdings has been invited to participate in international medical summits held by the government for many times. Based on the original trading system, Enrichment Holdings has made breakthrough progress in expanding new overseas markets and trade fields, especially in resource trade. There's no making without breaking, comply with the market development trend, optimize the allocation of resources, lead the enterprise to a new height.
During 2022, Australia continued to maintain a strong real estate market. Enrichment successfully held several online and offline real estate investment exhibitions, continued to provide professional services to domestic and overseas investment clients and local development projects also operated normally, gradually recovering and exceeding the pre-pandemic stage. During this period, Melbourne regularly held a series of activities such as "real estate Investment meeting" and "Real estate investment client Family Activity Day", and the enthusiasm for real estate investment remained warm. Real estate is hard currency, which can be preserved and appreciated at any time. Real estate investment is suitable for long-term holding. As pension security and family inheritance, it is the most secure investment way. In Australia, private property is protected, and real estate is owned permanently without inheritance tax. Interest and depreciation of real estate loans can be deducted from personal tax. The part of real estate appreciation can be withdrawn from the bank to continue real estate investment, so Australians have sufficient capital to enjoy a carefree sunny life. The meaning of life can be satisfied in Australia: a free, happy and healthy life, with the power and ability to choose what you like to do!
With the world economy gradually returning to normal operation, in 2022, after two years, Enrichment Holdings once again has our partners from Hong Kong, China to visit Australia for investment. The business of this visit includes: Australian residential real estate investment and development, China-Australian trade , inspection of Australian farms and agricultural products, investment and acquisition of commercial real estate and office buildings in downtown Melbourne, to specifically promote and implement the seamless connection between related Australian investment and China-Australian cooperation.
In 2022, Australia Reid Holdings was invited to attend the Victoria MP election dinner and actively supported the charity. During the dinner, it had a friendly conversation with the Deputy Premier of Victoria, Ms Jacinta Allan, and senator candidate Ms Luba Grigorovitch.
As the most developed country in the southern hemisphere, Australia is also one of the most developed countries in the world. Australia, with a population of 25 million, had a gross domestic product of $1.561 trillion in 2013, making it the world's 12th largest economy. Its per capita GDP reached 68,973 US dollars, much higher than that of the UK and Canada, both English-speaking countries, and ranked fifth in the world. The Human Development Index ranks second in the world after Norway. Australia is one of the world's top 10 agricultural exporters and six exporters of mineral resources. It has been called "a nation of wheat-heads on sheep's backs and harvesters." Australia's financial, commercial and service industries are also highly developed. In addition, Australia's tourism industry is also among the best in the world.
In the financial year 2017-18, Australia's real GDP growth rate reached 2.9%, making it the only major developed economy to achieve uninterrupted economic growth for 29 years.
Due to Australia's outstanding performance during the pandemic, Australia's economic recovery began in the second half of 2020, with GDP rebounding by 3.3% in the September quarter, an important contributing factor being a 7.9% increase in household consumption, this reflected the easing of COVID-19 restrictions. At the same time, he number of jobs in October was 3.4 percent higher than in June.
Driven by domestic demand, Australia's GDP will grow by 5.1% in 2021 and 3.4% in 2022. Confidence is high and Labour is in demand. Rising incomes and falling savings rates will support higher consumption. Unemployment will fall further.
At this moment, we start again, the sun paved the road, warm as before, the original heart is still!