The world is losing an enormous amount of precious talent in Australia, but there is a huge market for cheap Chinese-made music.
The country has seen a glut of imports in recent years, and has been one of the world’s biggest buyers of music, including from China, South Korea, India and the United States.
Now, there’s a growing problem with the country’s growing export of Chinese music to Australia.
Key points:Australia has a massive music market in ChinaThe country imported $10bn worth of music from China last yearThe country imports around 50% of its imports from ChinaNow, in a new move, the Government has said it wants to reduce the import of cheap Chinese music from Australia by half.
In a statement, the Department of Foreign Affairs and Trade (DFAT) said it was making the announcement to “avoid the harm” that had been caused by the imports.
“We are committed to ensuring that our overseas music industry is thriving, with a strong export-led domestic industry and a strong domestic domestic domestic music industry that is contributing to the Australian economy,” DFAT said.
“As the Australian music industry grows, it becomes increasingly important to ensure that we have an internationally competitive and export-driven domestic music market, and to encourage domestic talent to continue to develop internationally, including in Australia.”
The decision to stop importing Chinese-produced music was made in a report by DFAT last month, which warned that the country was exporting a huge amount of music to the world.
It said the country imported around $10 billion worth of musical equipment last year, and that in the past 12 months, China had purchased $1.8 billion worth in music from the country.
“While there has been a significant increase in the importation of music over the past year, we believe this trend is now reversing,” the report said.
In particular, the report warned that China was importing more than $1 billion worth music from South Korea in the last 12 months.
“There has been significant activity by both South Korean and Chinese artists on the Australian export market in recent months,” the document said.
It added that in recent weeks, South Korean artists had been “increasingly involved in selling their music to overseas markets”, and that the “importation of more Chinese-based artists into Australia has increased”.
It also said that the South Korean export market was now a “significant contributor” to the countrys “existing music export sector”.
“China has a significant music export market, with South Korea and the Philippines accounting for over 50% and 40% of Australia’s music exports, respectively, as of May 2021,” it said.
The Australian Government is also introducing restrictions on imports of music by Australian bands, as part of its plan to ensure domestic talent is not “faded away”.
“These restrictions are designed to ensure the continued viability of Australian music exports to Australia,” the statement said.