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Australia Treasurer visits Beijing, discusses trade, investment and recent stimulus

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Australia Treasurer visits Beijing, discusses trade, investment and recent stimulus

SYDNEY -Australia and China agreed to cooperate further on investment, trade and decarbonisation, Treasurer Jim Chalmers said on Friday during a rare visit to Beijing where he praised the recent stimulus packages announced by China.

"We are very pleased to see the Chinese authorities announce or signal the sorts of steps that we have been hearing about this week publicly and also in our private discussions with our counterparts," Chalmers told a news conference in Beijing, the first visit by an Australian treasurer for seven years.

Chalmers said the two men also discussed trade, investment and closer collaboration on decarbonisation, including green steel. Ties between the nations soured in 2017 after Australia accused China of meddling in its politics. An Australian call in 2020 for an inquiry into the origins of COVID-19 further infuriated China, which responded with blocks on various Australian imports.

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