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Among familiar Australian products such as wine, lobsters, beef and dairy products, warming ties between Australia and China may bring another new choice to Chinese customers: avocados.
China fortified its partnerships from trade to academic collaborations in the Asia-Pacific region during Premier Li Qiang’s recent visits to New Zealand, Australia and Malaysia, with attention centring around exchanges between Beijing and Canberra.
Chinese Premier Li Qiang is scheduled to visit Australia in June, a move set to consolidate improving economic relations between Beijing and Canberra following last month’s trip by Foreign Minister Wang Yi, according to two sources with knowledge of the issue.
Washington’s efforts to divert international supply chains from China are already making enough of an impact to drive recommendations for a new game plan from analysts and manufacturers, in their view an essential step to counter a fragmentation of trade that is already under way – and likely to worsen in the coming years.
A sizeable sum of infrastructure funding China has allocated to Southeast Asia has gone unfulfilled thanks to political instability in recipient countries, poor engagement with local stakeholders and a declining appetite for energy projects powered by fossil fuels, a new study from the Lowy Institute has found.
Australia has invited Wang Yi, China’s foreign minister, for a two-day visit in the second half of March. He is expected to discuss a range of thorny issues on the table after bilateral relations warmed last year, according to sources with knowledge of the matter.