Australia has sent its biggest-ever delegation to capitalize on China's shift from mining to dining.

China is restructuring its economy from exports and manufacturing towards service and consumption, with China's middle class leading the change. Consumption is expected to boom by 2030, with the mainland expecting to have a staggering 800 million middle class people.

Like Us on Facebook

"The key message that pulls through the Government is sustainable agriculture, food security and food safety," Michael Boddington, an agribusiness consultant, said, according to ABC News.

Potential investors from Australia have expressed interest in profiting from this change.

"Not every relationship is successful so it's a process of doing the legwork, during homework and building relationships," Tess Cam from Signature Beef explained.

This week, China is expecting 1,000 Australian businesspeople to visit 150 Chinese locations to capitalize on the new market, as granted by the free trade agreement between the two nations signed in 2015.

Steven Ciobo, the minister of trade and investment, said they are not discouraged with China's economic slowdown, emphasizing the country's massive trade volumes.

"We want to develop key relationships, people to people," Mr. Ciobo said. "... because ultimately the benchmark of success will be by building these relationships, growing Australian exports, investments and that will under-source economic growth for many years to come."

Australia's food exports in China has increased by 16 percent in the last 10 years, and the Reserve Bank believes it will surpass iron ore by 2030.

On the other hand, China managed to surpass the United States as Australia's biggest foreign real estate investor. Australia reportedly approved $18 billion for investment in China's real estate market in the last financial year, a twofold increase from the value granted in the previous year.

TagsAustralia, china, Manufacturing, exports, Consumer, dining