BEIJING (AP) — Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that its recent weakness has...
Chalmers was wrapping up a two-day visit to Beijing, the first to China by an Australian treasurer in seven years, as strained bilateral relations mend.
At the outset of Thursday's meetings, Zheng Shanjie, chair of China’s National Development and Reform Commission, noted how relations had improved since Chalmers’ center-left Labor Party government was elected in 2020, ending nine years of conservative rule in Australia.“Our development represents opportunities rather than challenges with each other,” Zheng said through an interpreter.
Citing Australia’s national interests, Chalmers recently ordered five Chinese-linked companies to divest their shares in the rare earth mining company Northern Minerals.
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