In Beijing, Australian Prime Minister Anthony Albanese and Chinese President Xi Jinping agreed that relations between their countries are undergoing a major turnaround. Mutual trust, trade cooperation and a shared emphasis on multilateral order are to be the new pillars of the China-Australia partnership.

The meeting, which took place in Beijing on Tuesday, reflects a "significant turnaround" in China-Australia relations, according to Xi Jinping. He said earlier tensions, which had cooled political and trade ties between the two countries, were on the wane. "We have made improvements together that are bringing concrete benefits to the people of both countries," Xi said.

The Chinese President stressed the importance of equal treatment, putting aside differences and mutually beneficial cooperation. According to him, these principles are the key to the further development of the comprehensive strategic partnership, which entered its second decade of existence this year.

Xi also emphasized China's commitment to peaceful development, regional cooperation and strengthening trade liberalization within the Asia-Pacific region. Australia has been China's number one trading partner for 16 years and this trade relationship has brought significant economic benefits to Australia, according to the Chinese president.

In return, Prime Minister Albanese praised the Chinese approach to cooperation. He assured that Australia supports the one-China policy and does not recognise "Taiwan independence". He rejected the idea of decoupling from the Chinese economy and affirmed Canberra's interest in continuing dialogue and cooperation in the areas of green industry, climate, health technology and people-to-people exchanges.

Albanese said Australia wants to defend, together with China, the multilateral order, the rules of the World Trade Organisation and stability on the global stage. He also expressed support for China as the host country of the APEC summit in 2026.

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President Xi Jinping highlights turnaround in China, Australia ties in recent years
Chinese President Xi Jinping met with Australian Prime Minister Anthony Albanese in Beijing on Tuesday.