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▓ fut

a.The trade stru

cture has▓ put China in a trade deficit with Au▓st

globali

ralia for ye

ars. Last year, bilateral trade reached 107.8 bill

, the

ion U.S. dolla

rs, with a deficit of more than 30 billion do▓lla

ments.

rs for China

."We ran a trade deficit of tens of billions of U.

an open ▓attitude toward a

S. dollars against Australia last year. Of course,

we don't like trade imbalances. Yet, we believe the solution to trade imbalances lies in further expanding our trade, rather than closing ▓our doors," Li said at the lunc▓heon in Canberra.Jennifer Westacott, CEO of Busine▓ss Council of Australia, was at the l▓uncheon. "The two countries have reaffirmed the importance of free trade and open market, and the importance of not retreating in▓to isolationism," she told Xinhua.Blackmo▓res saw its business in China surge from scratch five years ago to a volume accounting for 40 percent of its total business in 2016. Its CEO Holgate attributed the growth to boo

ming ec▓onomic ties between the two countries and

t that would promote

expected an even s▓tronger growth following Li's visit."We are not a self-suff

  • icient country, and a booming e▓conomic relationship with China is vital for us. If we lose that, moms

    and dads will lose their jobs, and factories will c▓ollapse," said Holgate.To further bilateral economic ties and bring

  • about more benefits t▓o the two peoples, the two sides agreed ▓to continue to implement the China-Aust

    ralia free trade agreement (FTA) and work hard to usher in a new era of FTA-driven boom.The two countries will al

regional economic

  • integration.CHEERING NEWS TO AU

    so enhance synergy between China's Belt and Road Initiati▓ve and Vision for Developing North

  • STRA▓LIAN BUSINESSESFrom Canber

    Australia, and between their innovation strategies, said an outcome list of Li'▓s visit.Coopera

  • ra to Sydney, fr▓om meetings

    tion in energy, resources, infrastructure, agriculture, ani▓mal husbandry, and scientific and ?/p>

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