Chinese Premier Calls on China, Australia to Form Stronger Development Synergy

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 15 (Xinhua) — Chinese Premier Li Qiang on Tuesday called on China and Australia to further strengthen cooperation ties, promote trade and investment liberalization and facilitation, form stronger development synergy and effectively deal with environmental uncertainty.

Li Qiang made the remarks at the 8th China-Australia Business Leaders Roundtable, which he co-hosted with Australian Prime Minister Anthony Albanese in Beijing.

About 30 heads of chambers of commerce and enterprises of the two countries took part in the round table.

Li Qiang recalled that this year marks the 10th anniversary of the China-Australia Free Trade Agreement, and noted that over the past decade, bilateral economic and trade cooperation has demonstrated remarkable resilience and vitality.

As the Premier of the State Council pointed out, the economic structures of the two countries are highly complementary and have a solid foundation for linking industrial sectors and markets, making China and Australia natural partners for cooperation.

Li Qiang noted that China's vast market will continuously unleash its huge consumer potential, creating more business opportunities for enterprises in both countries. He called on the two sides to strengthen cooperation in cutting-edge technologies such as artificial intelligence and life sciences to expand the capabilities of the Chinese and Australian industrial sectors.

With joint efforts by enterprises from the two countries to enhance cooperation in areas such as clean energy, electric vehicles and energy storage, a world-class green industrial chain with sustainability and competitiveness can be built, the premier stressed.

Li Qiang said governments and enterprises should move in the same direction to better promote development. He said China will continue to promote high-level opening-up, treat domestic and foreign enterprises equally, and protect the rights and interests of foreign companies and entrepreneurs in China in accordance with the law.

The Chinese leader also expressed hope that Australia would treat Chinese enterprises doing business in the country fairly and properly address issues related to market access and investment screening.

Li Qiang called on Chinese and Australian companies to maintain openness, seek cooperation, and further promote market convergence and industrial integration between the two countries.

E. Albanese noted in his speech that bilateral relations are currently developing steadily and the enthusiasm of business circles of both countries for cooperation is growing sharply.

The Australian side is ready to strengthen dialogue with the Chinese side, expand cooperation in various fields, including trade, agriculture, industry, energy resources and green development, jointly counter such a global challenge as climate change, and uphold international justice and free trade, added E. Albanese. –0–

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