China ready to restart economic, trade exchanges with Australia

08 Feb '23

1 min read

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China is ready to restart the economic and trade exchange mechanism with Australia, according to its commerce minister Wang Wentao, who recently told Australian trade minister Don Farrell that his country is also willing to expand cooperation in emerging areas like climate change and new energy, and promote high-quality development of bilateral trade ties.

China and Australia are each other's important economic and trade partners, with highly complementary economic structures and mutually beneficial and win-win bilateral economic and trade cooperation, Wang told Farrell via a video conference.

The 20th National Congress of the Communist Party of China stressed that China would unswervingly open wider to the outside world, and a developing and open China would bring more opportunities to Australia and other countries, Wang was quoted as saying by a state-controlled media outlet.

He hoped that Australia would work with China to strengthen communication and coordination in the economic and trade fields and seek mutually beneficial solutions to issues of respective concerns.

China is closely following Australia's tightened security review of Chinese companies' investment and operations in Australia and hopes that Australia can appropriately handle relevant cases and provide a fair, open, and equal business environment for Chinese companies, Wang added.

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