Prime Minister Anthony Albanese will highlight trade as an anchor for stabilising ties when he makes the first visit by an Australian leader to China in seven years, as badly strained relations move back to an even footing, business leaders said.
Australian Prime Minister Anthony Albanese speaks to media following a Ministry Meeting, in Melbourne, October 11, 2023. AAP Image/Joel Carrett via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVE. AUSTRALIA OUT. NEW ZEALAND OUT/File PhotoSYDNEY, Nov 3 -
His government has taken credit for stabilising ties with Australia's largest trading partner since coming to office last year, as ChinaEven as Australia moves closer to security ally the United States, which has agreed to sell Canberra nuclear-powered submarines under a trilateral "Trade as an anchor provides stability and certainty to allow greater engagement while we navigate uncertain currents and obstacles that lie beneath," said Australia China Business Council president David Olsson.
But despite the positive tone, Australian Foreign Minister Penny Wong has said ties won't return to where they were even 15 years ago, when Chinese investment surged into the economy.China's ambassador, Xiao Qian, in an Australian newspaper column on Friday, said ties were at a "critical juncture of setting off and sailing off again", and urged more cooperation in "such traditional areas as energy, mining, agriculture, education and tourism".
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