As diplomatic relations between Australia and the Chinese mainland continue to improve, both nations are witnessing a revival in trade and cooperation. Following the easing of trade restrictions that had strained ties since 2020, businesses and leaders are optimistic about the future.
Australian Prime Minister Anthony Albanese’s meeting with Chinese President Xi Jinping at the G20 summit in 2022 marked a significant step towards normalization. Since then, tariffs on Australian exports like coal, barley, wine, timber, seafood, and beef have been lifted, reopening critical markets for Australian producers.
“China and Australia are natural trading partners with a long history,” said Dominic Trindade, Austrade China General Manager. “While our trade has often focused on resources and manufactured goods, there’s immense potential in services, especially in education and tourism.”
Indeed, Australians are now among those welcome to enjoy 30 days of visa-free travel in China, paving the way for increased people-to-people exchanges.
The Australian Chamber of Commerce’s marquee event, “The Ball on the Wall,” highlighted the renewed enthusiasm among businesses. AustCham Chair Vaughn Barber expressed, “China and Australia have significant potential for closer economic ties despite global challenges. Our survey shows that 70 percent of Australian companies consider China a top priority for investment.”
There’s also a growing emphasis on collaborative opportunities in renewable energy and technology. Dino Otranto, CEO of Fortescue Metals, noted, “China’s clean energy technology, combined with Australia’s abundant solar and wind resources, can effectively address carbon emissions. We’re leveraging AI and renewable energy to meet global supply challenges.”
Christine Holgate, CEO of Team Global Express, recently forged a strategic partnership with Shenzhen-based SF Express. “There’s a real desire here to collaborate and share learnings,” she said. “In e-commerce and logistics, China is leading the world. We need to come here and learn.”
While media portrayals can sometimes lack nuance, firsthand experiences reveal a dynamic and welcoming environment. As the saying goes, “Yan jian wei shi” (眼见为实)—seeing is believing.
