Categories: Stocks / ETFs

China’s Premier Li arrives in Australia, says ties ‘back on track’ By Reuters


By Kirsty Needham

SYDNEY (Reuters) – Chinese Premier Li Qiang arrived in Australia on Saturday, saying relations were “back on track” as he started the first visit by a Chinese premier to the major trading partner in seven years.

Australia is “uniquely positioned to connect the West and the East” and stands as “an important force of economic globalization and world multipolarity”, Li said at Adelaide’s airport, according to a statement from the Chinese embassy.

Bilateral relations are “back on track after a period of twists and turns”, Li said.

Australia is the biggest supplier of iron ore to China, which has been an investor in Australian mining projects, though some recent Chinese investment in critical minerals has been blocked by Australia on national interest grounds.

China imposed trade restrictions on a raft of Australian agricultural and mineral products in 2020 during a diplomatic dispute that has now largely eased.

During his four-day visit, Li will also visit the capital Canberra and mining state Western Australia.

“A more mature, stable and fruitful comprehensive strategic partnership will be a treasure shared by the people of both countries,” Li said.

He is expected to visit a pair of pandas on loan from China to Adelaide’s zoo on Sunday. A lunch with wine exporters until recently shut out of the Chinese market will show trade ties have smoothed after the dispute that suspended A$20 billion ($13 billion) in Australian agriculture and mineral exports through last year.

Li arrived from New Zealand, where he highlighted Chinese demand for New Zealand’s agricultural products.

China is the biggest trading partner of Australia and New Zealand. Canberra and Wellington are seeking to balance trade with regional security concerns over China’s ambitions in the Pacific Islands.

In New Zealand, Li visited major dairy exporter Fonterra on Saturday after signing agreements with Prime Minister Christopher Luxon on trade and climate change, with human rights and foreign interference also on the agenda.



Source link

admin2

Share
Published by
admin2

Recent Posts

‘Destroyed in less than a year’: Granville St. SRO resident wants public to see conditions – BC

As the province prepares to close the Luugat single-room occupancy (SRO) building on Vancouver’s Granville…

3 hours ago

10-Year Treasury Yield Long-Term Perspective: April 2026

This article looks at the 10-year Treasury yield’s historical trends since 1962, exploring its relationship…

3 hours ago

US embassy warns citizens in UK as threat level raised to ‘severe’ | Crime News

US embassy in UK has advised citizens to avoids schools, churches, tourist locations and vary…

4 hours ago

казино – Официальный сайт Pin up играть онлайн Зеркало и вход.1958 (2)

Пин Ап казино – Официальный сайт Pin up играть онлайн | Зеркало и вход ИГРАТЬ…

4 hours ago

Edmonton Oilers fans search for answers after team’s early playoff exit – Edmonton

Thursday was a night to forget for the Edmonton Oilers, dropping their first-round series to…

6 hours ago

S&P 500 Snapshot: Weekly Win Streak Continues

The S&P 500 closed out the week with another record high, finishing up 0.9% from…

8 hours ago