Australian Prime Minister Anthony Albanese met with Chinese President Xi Jinping in Beijing, affirming that both countries will keep communication channels open and explore cooperation opportunities despite ongoing strategic rivalry in the Indo-Pacific region.
Under Albanese, Australia has pursued a pragmatic China policy of 'cooperate where we can, disagree where we must,' repairing ties strained under the previous government.
Xi called for safeguarding free trade amid a 'complex and turbulent' global environment, while Albanese voiced support for free trade and dialogue. However, the visit concluded without major new trade or investment deals.
The two sides agreed to launch a Policy Dialogue on Steel Decarbonisation, providing Australia insight into China’s government plans, and signed agreements on tourism, customs inspections, and agriculture.
Despite positive engagement, longstanding Australian concerns remain over China’s military activities and regional ambitions.
Trade relations continue to focus on key exports like iron ore, agriculture, and energy. Albanese was accompanied by executives from major Australian mining companies who met with Chinese steel industry officials to discuss future collaboration, including on green metals research.
Business leaders stressed the importance of fostering business-to-business ties to strengthen economic relations.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
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U.S. President Donald Trump announced $92 billion in new investments in energy and technology projects in Pennsylvania during the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University on Tuesday.
The European Union on Tuesday imposed new sanctions targeting individuals and entities in Iran and Russia for human rights violations and hybrid threats, while also listing actors in Moldova and Haiti for destabilising activities.
French Prime Minister François Bayrou has unveiled a sweeping budget plan that includes scrapping two public holidays—Easter Monday and 8 May, which marks Victory in Europe Day—to tackle the country’s growing debt crisis.
U.S. Secretary of State Marco Rubio and the foreign ministers of France, Germany and the UK have agreed to set the end of August as the unofficial deadline for reaching a new nuclear deal with Iran, Axios reported Tuesday, citing three sources familiar with the talks.
U.S. President Donald Trump on Tuesday announced a new trade agreement with Indonesia, calling it a “great deal” that includes a 19% tariff and expanded U.S. export access.
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