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Anthony Albanese has landed in China to strengthen 'economic partnership' as US pushes Australia to outline Taiwan conflict role

Anthony Albanese has landed in China to strengthen 'economic partnership' as US pushes Australia to outline Taiwan conflict role

Sky News AU17 hours ago
The Albanese government hopes Prime Minister Anthony Albanese's latest visit to China will help strengthen economic ties with our largest trading partner while the US is pushing for an end to strategic ambiguity over Taiwan.
Prime Minister Albanese arrived in China late on Saturday evening, beginning a six-day-long trip that will include a meeting with China's President Xi Jinping and Premier Li Qiang.
Mr Albanese said it was 'wonderful' to be back in China as he spruiked the benefits of improved relations with the Chinese Communist Party ruled stated.
'We know that one in four of Australia's jobs depends on our exports, and China is our major trading partner, with exports to China being worth more in value than the next four countries combined,' the Prime Minister said on arrival.
'This week, we will have important meetings about tourism, about decarbonisation of steel, about the full range of issues.'
Speaking on Sky News Australia's Sunday Agenda, Treasurer Jim Chalmers said there 'couldn't be a more important time' to strengthen the relationship between the two countries, noting it was 'full of opportunity but not short of complexity either'.
'These meetings between Prime Minister Albanese and President Xi and Premier Li CEOs and businesses from both sides of the relationship are a really important
'It recognises that China is a big part of our prosperity that makes it a big and important, obvious focus of our economic diplomacy, and that's what the Prime Minister's visit is all about.
The federal Treasurer said the government wanted to strengthen relations with China because it was 'in the interests of our economy, our workers, our businesses, our investors.
'I think around a third of our exports go to China, so it is a really crucial part of our prosperity and a big focus of our diplomacy,' he said.
The Prime Minister's meeting with President Xi will be the fourth since the 2022 federal election.
It comes in stark contrast to his failure to schedule a meeting with US President Donald Trump since he returned to office.
Mr Albanese arrived in China as the UK's Financial Times revealed a key Pentagon official has been demanding Australia and Japan outline the role they would play if a conflict between the US and China broke out over Taiwan.
US under-secretary of defence for policy Elbridge Colby, a sceptic of providing Australia with the nuclear submarines, who is currently leading a review into the AUKUS agreement, reportedly been pushing the issue in meetings officials from both countries in recent months.
Publicly outlining the role Australia would play would signal an end to the policy of 'strategic ambiguity' both Australia and the United States have towards Taiwan.
Mr Colby responded to the reports in a post on X, claiming he was implementing the President's agenda of 'restoring deterrence and achieving peace through strength', adding that it included 'urging allies to step up their defense spending and other efforts related to our collective defense'.
'This has been a hallmark of President Trump's strategy - in Asia as in Europe where it has already been tremendously successful,' he said.
'Of course, some among our allies might not welcome frank conversations. But many, now led by NATO after the historic Hague Summit, are seeing the urgent need to step up and are doing so.'
'President Trump has shown the approach and the formula - and we will not be deterred from advancing his agenda.'
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PM pushes Australian ore in China as steelmakers stare down decarbonisation
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Anthony Albanese's major iron ore pitch to Chinese steelmakers

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Albo flaunts Aussie iron amid China fears

In a display of classic supply and demand salesmanship, Anthony Albanese will flaunt Australian iron ore at a roundtable with China's biggest steelmakers on Monday. The country's behemoth construction industry has slowed in recent years, fuelling fears a downturn in steel production could smash demand for Australian iron ore and threaten jobs as well as the national bottom-line. Both countries have also committed to cleaning up big polluting industries in line with their broader climate goals. With Australia the world's largest iron ore producer and China Australia's top customer, the Prime Minister will make the case for closer co-operation. 'I'm pleased to be here for an important discussion between Australian iron ore miners and Chinese steelmakers,' Mr Albanese will tell the roundtable, according to speech extracts seen by NewsWire. Prime Minister Anthony Albanese will speak with China's biggest steelmakers at a roundtable on Monday. Joseph Olbrycht-Palmer / NewsWire Credit: News Corp Australia 'Australia and China's iron ore and steel sector partnership has contributed to both countries' economic development for decades. 'Australian miners are reliable and stable suppliers of iron ore, responsible for almost 60 per cent of China's iron ore imports. 'That iron ore goes into Chinese steel production which accounts for over 50 per cent of global supply.' BHP, Hancock, Rio Tinto and Fortescue will all be seated at the roundtable, with Twiggy Forrest among the executives showing up. Nearly 145,000 Australians work in the metal ore mining industry, according to the latest official figures. In 2024, iron ore exports alone were worth north of $150bn. But it is a dirty business in a world scrambling for greener options. 'Steelmaking value chains are also responsible for 7 to 9 per cent of global emissions,' Mr Albanese will say. 'Achieving the goals of the Paris Agreement will require the decarbonising of steel value chains, presenting an opportunity for Australia and China to progress our long-term economic interests.' Mr Albanese will raise the 'challenges' of steel decarbonisation, but aim to reassure both the Australian mining chiefs and the Chinese steel bosses that Australia is willing to front up the cash investments and tweak policies. The Prime Minister will tell industry leaders the challenge of decarbonisation presents an opportunity for the Australia-China relationship. PMO via NewsWire Credit: News Corp Australia 'What we need are enabling policy environments, extensive investments in research to develop new technologies, and collaboration across academia, industry and government,' he will say. 'Australia and China each have major stakes in how the decarbonisation efforts develop. 'As both countries co-operate to advance decarbonisation, we also need to work together to address global excess steel capacity. 'It is in both countries' interests to ensure a sustainable and market-driven global steel sector.' Later on Monday, Mr Albanese will have a lunch with Australian and Chinese business leaders. Both roundtables are key parts of his six-day diplomatic and big business blitz in China. Against a backdrop of an increasingly militaristic regional rivalry with Beijing, Mr Albanese has been keen to reframe the bilateral relationship in friendlier terms, such as tariff-free trade.

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