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BEIJING Uomo John Elliott x Nike Air Force 1 Basse Bianche Scontate , Aug. 3 (Xinhua) -- The income of China's top 100 internet companies rose 46.8 percent year-on-year to 1.1 trillion yuan (about 160 billion U.S. dollars) in 2016, official data showed Thursday.


It was the first time the total has surpassed one trillion yuan, according to calculations by Ministry of Industry and Information Technology (MIIT) and the Internet Society of China.


The companies registered average profits margin of 9.4 percent, driving a 8.7 percent increase in information consumption.


The Top 100 Internet Companies list has been released annually since 2013. The 2016 Top Ten were: Tencent, Alibaba, Baidu, JD Uomo Nike Air Force 1 Basse CMFT BHM Equality Nere Scontate , NetEase, Sina, Sohu, Meituan-Dianping, Ctrip and Qihoo 360.


The 100 enterprises increased spending on research and development by 29.7 percent last year.


Together Tencent and Alibaba accumulated 28 percent the top 100's total revenue and 73.2 percent of profits.


First high speed railway in Inner Mongolia starts operation


China to host 9th BRICS Summit in September in Xiamen


New look of quake-hit county in China's Yunnan


Amazing canyon scenery in NW China's Gansu


Military parade held to mark PLA 90th birthday (Part I)


SWAT team members take part in drill


Acrobatic show staged in China's Xinjiang


Martial arts competition held in China's Henan


by Will Koulouris


SYDNEY, July 21 (Xinhua) -- The partnership between China and Australia is stronger than ever, according to an Australian federal minister Uomo PSNY x Nike Air Force 1 Alte Bianche Scontate , who said on Friday that there are plans in the pipeline to boost the relationship even further in the fields of innovation, industry, and science.


Arthur Sinodinos, the federal minister for industry, innovation, and science told Xinhua that his department is currently working with China to "identify the projects" that will facilitate an even greater level of cooperation between the two nations.


"We are very keen for global collaboration, and China is a very important part of that process for us going forward Uomo Nike Air Force 1 Alte Baby Blu Scontate ," Sinodinos said.


With the shift in China towards a consumption driven economy, and one of the current aims in the five-year plan to shift from heavy, to high-tech industry, Sinodinos said Australia has to adapt to take advantage of the new opportunities that are available with their largest trading partner.


"What we also need to do is adapt to the way China is changing, so as incomes go up there's more focus on higher level demand for businesses, in the food area for example, more processed foods Uomo Nike Air Force 1 Alte Gialle Scontate , or more sophisticated business professional services and these are all areas where Australia can do more," Sinodinos said.


"We've got a very good food processing industry and that is really starting to spark off the demand in China, as well as elsewhere, so as China's economy evolves we have a capacity because of the diverse structure in our own economy to meet those needs."


To drive any adaptation in the Australian economy is dependent on having sufficient investment capital to do so, and with the benefits of this capital injection on full display in the country, Sinodinos said that a high level of outside investment should be seen in a positive light.


"From our point of view Chinese investment in Australia is very welcome, we try to make the areas where we have controls over it as clear as possible Uomo Nike Air Force 1 07 QS All Star Nere Scontate , so everybody knows the ground rules, we try to encourage investment in productive areas, in agriculture," Sinodinos said.


"Our point is we like the contribution of foreign direct investment which brings in that overseas knowhow and expertise, as well as the capital it brings."


But the traffic between Australia and China is not one way, with many Australian businesses now seeking to take advantage of the vast opportunities available within China, opportunities that Sinodinos said should be explored Nike Air Force 1 Basse Nere Scontate , and proffered advice for those seeking to capitalise on the strong bilateral ties, made even stronger by the 2015 enactment of the China Australia Free Trade Agreement.


"The best thing to do is to study the market, understand the market, it's also important to have local partners you can trust, that you can work with. I think that's important in order to help create a presence on the ground," Sinodinos said.


"The other thing is to be able to assure people in China when they are getting your service or goods that they are getting what you've sent them, rather than what's been substituted by someone else. So having that assurance across the supply chain is going to be important as well."


Asides from the well-deserved image of Australia being "clean and green" Nike Air Force 1 Basse Pelle Bianche Scontate , Sinodinos said that his government's - and his own ministry's push - to invest further in the science sector will draw even further opportunities for collaboration between the two nations.


"As a government is we have major science agencies like the CSIRO, Australian Nuclear Science Technology Organisation, Institute of Marine Science and major pieces of research infrastructure across the country," Sinodinos said.


"What I want to do as a government is make sure we have really good, globally recognised infrastructure around research and science - and that attracts people to do work with us, and we're seeing those go to people for collaboration - and that collaboration is what promotes ideas, networks Off-White x Nike Air Force 1 Basse Volt Scontate , and connections which can lead to more commercial opportunities."


In terms of one of the biggest commercial opportunities not just in China, but the world - the Belt and Road Initiative - Sinodinos said that his government is "waiting to see how the initiative evolves," and is hoping that it creates market opportunities that can be accessed by all.


"We commend China for taking leadership on such an initiative, and we'll see how it fits into our own initiatives, like our development of Northern A

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