Thousands of businesspeople, including senior executives from Australia's major corporates, will be in China to take part in Austrade's Business Club of Australia (BCA).
The BCA was established at the Sydney Olympics to help build contacts between Australian and international businesses.
It has since helped facilitate A$1.7 billion (billion) in trade and investment for Australian companies.
Australian Ambassador to China Geoff Raby said as Australia's largest trading partner, business interests in China were enormous.
"The Business Club of Australia provides a unique opportunity for networking for Australian firms, and in particular for the small to medium size enterprises for whom the overhead costs of establishing a presence here during the Games are quite high," he said.
"They can leverage off the Business Club of Australia and that will help to build contacts between Australian exporters and their customers in China, and between firms both from Australia, and Chinese firms."
Prime Minister Kevin Rudd is expected to open the BCA on August 8, during a three-day visit to Beijing in which he will attend the opening ceremony.
Trade Minister Simon Crean is scheduled to attend the BCA, which has organised more than 40 events during the Games.
More than 40 Australian companies won more than 50 contracts related to the Beijing Games, many with assistance from Austrade.
These include PTW Architects, which co-designed the Beijing National Aquatics Centre - known as the Watercube - and the athletes' village.
BCA programs are held at most major sporting events, including last year's Rugby World Cup in France.
This year, Austrade is sponsoring a clean energy mission to China that will help Australian experts in renewable energy connect with the Chinese market.
China is the world's second largest energy consumer and the Chinese government has mandated that 10 per cent of the nation's energy consumption must come from renewable sources by 2010.
Meanwhile, Raby said the number of Chinese visas issued to Australians had dropped in June and July, as the Chinese government tightened its program ahead of the Beijing Games.
"We hear from the hotel industry here and from Australian businesspeople, that there have been some difficulties and that there probably has been fewer visitors in June and July than there normally would have been expected," he said.
"What it (will be) like in August I simply don't know."
