China Urges Australia to Bolster Economic Ties Amid U.S. Trade Tensions
November 26, 2024
During a press conference in Canberra on November 26, 2024, Xiao Qian, China's Ambassador to Australia, addressed the impact of U.S. trade policy on Australia-China relations.
Key points of contention remain, including military maneuvers by China that Australia perceives as threatening and political issues related to consular cases.
Xiao lamented the cessation of joint military exercises between Australia and China since 2019, reassuring that China should not be viewed as a military threat.
Xiao expressed regret over the $20 billion worth of Australian goods that faced restrictions in 2020, which have been gradually lifted since Prime Minister Anthony Albanese took office.
He highlighted a recent agreement to reopen exports of Australian live lobsters, signaling the end of China's trade embargo on various Australian goods.
Xiao underscored the interdependent nature of the economies, noting China's role as a major buyer of Australian iron ore and the importance of Australian exports to China.
Despite challenges, Xiao expressed optimism for future developments in the cooperation between Beijing and Canberra.
The Ambassador expressed hope for engagement between China and the U.S. to discuss their respective policies and manage their relationship.
He asserted that both countries should not compromise their national interests due to external pressures, particularly from the U.S.
The author of the article holds no positions in any stocks mentioned and has no business relationships with any companies referenced.
He urged the Australian federal government to be more welcoming towards Chinese students, highlighting frustrations over prolonged visa delays.
He emphasized the urgency for Australia to strengthen its economic ties with China, particularly in light of Donald Trump's promise to impose significant tariffs on Chinese imports.
Summary based on 5 sources
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Sources

The Sydney Morning Herald • Nov 26, 2024
‘I’m sorry’: Chinese ambassador expresses trade ban regret
Economic Times • Nov 26, 2024
China's Ambassador to Australia says US trade policy to impact bilateral relations
The West Australian • Nov 26, 2024
Trump doesn't have to hurt Australia-China ties: envoy