STORY: China-Australia economic, trade cooperation to benefit both countries, world: ambassador
DATELINE: Oct. 21, 2023
LENGTH: 0:00:58
LOCATION: Canberra
CATEGORY: POLITICS/ECONOMY

SHOTLIST:
1. various of Australian Parliament 
2. various of Chinese Ambassador to Australia Xiao Qian delivering a speech

STORYLINE:

Chinese Ambassador to Australia Xiao Qian said the development of China-Australia economic and trade cooperation would not only benefit the two countries and two peoples, but also benefit the region and the world.
   
In a speech delivered Wednesday on the occasion of the Canberra Networking Day 2023 and the 50th anniversary of the founding of Australia China Business Council (ACBC), Ambassador Xiao believed that bilateral cooperation would add certainty to development in an uncertain world.
   
Furthermore, he said China-Australia relations are at a crucial stage of stabilization and improvement, saying "we have gradually resumed the exchange of visits and contacts at various levels covering many fields, including diplomatic, economic, educational, parliamentary and sub-national exchanges, and we are making positive progress in our relationship."
   
Australian Prime Minister Anthony Albanese's upcoming visit to China is expected to lay down a solid foundation for the bilateral relationship for decades, he added.
  
China and Australia established diplomatic relations on Dec. 21, 1972.
   
The Chinese envoy noted that China-Australia relations are mutually beneficial in nature, and cooperation between the two countries in the existing areas like mining, agriculture, education, tourism among others has been very productive and should be continued.
   
Looking to the future, the ambassador said China-Australia economic and trade cooperation enjoys broad prospects, highlighting cooperation in some of the new frontiers, adding that addressing climate change and developing clean energy are just two of the areas of great potential.
  
The Canberra Networking Day, an ACBC's flagship event held annually at the Parliament House, is a unique forum for discussion of the Australia-China business relationship involving government, political and business leaders. 

This year's event was held between Tuesday to Thursday, themed "Net Zero Transition; Innovation; and the Digital Economy." 

Xinhua News Agency correspondents reporting from Canberra.
(XHTV)