Albanese visits China to boost trade ties, lead major business delegation

Albanese visits China to boost trade ties, lead major business delegation
Albanese visits China to boost trade ties, lead major business delegation

We show you our most important and recent visitors news details Albanese visits China to boost trade ties, lead major business delegation in the following article

Hind Al Soulia - Riyadh - BEIJING — Australian Prime Minister Anthony Albanese began a high-profile visit to China over the weekend, aiming to strengthen trade ties and deepen bilateral cooperation amid improving relations between the two countries.

Albanese met on Sunday with Shanghai Party Secretary Chen Jining, marking the start of a series of senior-level meetings that will include talks with President Xi Jinping, Premier Li Qiang, and National People’s Congress Chairman Zhao Leji.

Leading what he described as “a very large business delegation,” Albanese told China’s CGTN upon arrival in Shanghai that the size of the delegation reflects the economic significance of the Australia-China partnership. During his weeklong visit, the prime minister is expected to engage with business, tourism, and sports leaders in Shanghai and Chengdu, culminating in a CEO roundtable in Beijing on Tuesday.

Among the key developments, Albanese witnessed the signing of a tourism agreement between Chinese travel giant Trip.com and Tourism Australia, designed to boost the number of Chinese visitors to Australia.

This marks Albanese’s second trip to China since taking office in 2022, and his first since his center-left Labor Party secured reelection with an increased majority in May. His government has worked to stabilize the Australia-China relationship, including persuading Beijing to lift a series of trade restrictions imposed during the previous conservative administration—barriers that had cost Australian exporters an estimated AU$20 billion ($13 billion) annually.

China had suspended high-level contacts with the former government over issues such as Canberra’s push for an independent inquiry into the origins of COVID-19. While Albanese maintains that his administration seeks to diversify trade and reduce Australia’s dependence on China, he emphasized the value of stable relations.

“My government very much values our relationship with China,” Albanese said during his meeting with Chen. “We deal with each other in a calm and consistent manner, and we want to continue to pursue our national interests, and it is in our interest to have good relations with China.”

An editorial published Saturday by China’s state-run Xinhua News Agency described the relationship as “steadily improving” and driven by “fresh momentum.”

“There are no fundamental conflicts of interest between China and Australia,” the editorial stated. “By managing differences through mutual respect and focusing on shared interests, the two sides can achieve common prosperity and benefit.” — Agencies


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