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Australian national business leader eyes deeper ties with China

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People visit an Australian products booth at the China-ASEAN Expo in Nanning, Guangxi Zhuang Autonomous Region, September 16, 2022. /CFP

People visit an Australian products booth at the China-ASEAN Expo in Nanning, Guangxi Zhuang Autonomous Region, September 16, 2022. /CFP

Australia and China, which have enjoyed a longstanding business relationship, have the potential to expand areas of cooperation, according to David Olsson, national president of the Australia China Business Council (ACBC).

“Working together to address the climate challenge offers the potential to further expand trade between the two countries and is essential to making climate action more effective and cost-efficient,” Olsson told Xinhua in a recent written interview marking the 50th anniversary of China-Australia diplomatic relations.

Olsson, who has worked in and with China for nearly three decades, said the Australia-China relationship is based on strong economic and trade ties and longstanding personal, business and cultural links.

“China is Australia’s largest trading partner, and Australia is an important and reliable supplier of mining and mineral resources, high-quality agricultural and food products and a wide range of services that can help China sustain its economic growth,” he added.

He noted that the Regional Comprehensive Economic Partnership (RCEP), consisting of 15 Asian-Pacific countries, including China, Japan, South Korea, Australia, and New Zealand, would provide a solid basis for further discussions with China.

Net-zero climate ambitions are another area for further talks between the two countries, he said.

China’s economic development has been extraordinary, and there can be no doubt that China’s rise over those decades has reshaped the global economy and world politics, he noted.

“The years ahead are of great consequence for the people of China and the world,” he added.

Source(s): Xinhua News Agency

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