Australia – China cooperation
Resumption of Strategic Economic Dialogue a positive step for future stability in China-Australian economic relations: expert
The Fourth Strategic Economic Dialogue between China and Australia was held in Beijing on Thursday, focusing on enhancing bilateral exchanges and promoting effective and pragmatic economic cooperation, China’s top economic planner announced on Friday.
This dialogue, the first such meeting since 2017, marks the restart of the ministerial-level strategic economic dialogue communication mechanism between the two countries. Experts believe this represents a positive step toward further restoring bilateral relations and economic cooperation.
The dialogue was co-chaired by Zheng Shanjie, head of China’s National Development and Reform Commission (NDRC), and Australian Treasurer Jim Chalmers, who is visiting China from Thursday to Friday, according to a statement released by the NDRC on Friday.
The dialogue marks an important step in the process of restoring and stabilizing China-Australia relations as well as establishing a stable and positive trend, said Chen Hong, executive director of the Asia Pacific Studies Center at East China Normal University.
The two countries discussed the global macroeconomic situation and agreed to further strengthen communication on macroeconomic policies, exploring opportunities for mutual benefit and win-win cooperation both bilaterally and regionally, according to the statement.
The discussion around global economic situation shows that the two sides still share a consensus on free trade and remain committed to promoting trade liberalization in both the region and the world, Yu Lei, a professor from the Department of International Politics and Economics at Shandong University, told the Global Times on Friday.
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