China-Australia relations can go far with economic complementarity
China DailyThe Chinese and Australian national flags in Sydney, Australia. Influenced by external pressure, some Australian politicians have viewed China's rise as a threat, leading to unfavorable actions such as banning Chinese companies from Australia's 5G network and joining the AUKUS partnership on nuclear-powered submarines. Controversies have erupted within Australia's political sphere, with former Prime Minister Paul Keating criticizing the government for antagonizing China by following Washington's geopolitical agenda. In 2023, bilateral trade in goods increased 4.1 percent year on year, while Australian investment in China increased 11.7 percent compared to the previous year. In November 2022, Chinese President Xi Jinping met with Australian Prime Minister Anthony Albanese on the sidelines of the G20 Summit in Indonesia, and reached important consensus on accelerating the improvement of bilateral relations.