https://newsletter.mw.creamermedia.com
Energy|Financial|Health|Renewable Energy|Renewable-Energy|SECURITY|Steel|Operations
Energy|Financial|Health|Renewable Energy|Renewable-Energy|SECURITY|Steel|Operations
energy|financial|health|renewable-energy|renewable-energy-company|security|steel|operations

Australia’s Albanese heads to China as Trump stresses alliance

Australian PM Anthony Albanese

Australian PM Anthony Albanese

8th July 2025

By: Bloomberg

  

Font size: - +

Australian Prime Minister Anthony Albanese plans to travel to China from this weekend, seeking to strengthen ties with his country’s largest trading partner while its top security ally US aims to check Beijing’s presence in Asia.

The Australian leader said Tuesday that he will visit Beijing, Shanghai and Chengdu, where the country has consular operations, starting from Saturday.

“China’s an important trading partner for Australia, 25% of our exports go to China,” he told reporters in Hobart. “What that means is jobs, and one of the things that my government prioritizes is jobs.”

The delegation will include top executives from Macquarie Bank and HSBC Holdings’ Australia arm, as well as from Fortescue, BlueScope Steel, Rio Tinto and BHP Group, according to the Australian Financial Review, citing people it didn’t identify.

Xiao Qian, China ambassador to Australia, wrote earlier this week that Beijing is open to expanding the free-trade agreement between the countries to cover artificial intelligence, health care and renewable energy.

The visit comes as US President Donald Trump has unleashed a series of punishing tariffs, expected to go into effect August 1 barring any bilateral deals. That pressure, aimed at spurring domestic industry, has isolated allies and trading partners like Australia, which has a longstanding security partnership with Washington.

Albanese on Tuesday said Australia continues to negotiate with the Trump administration to lower tariffs below the 10% baseline in force at the moment, which Washington has said repeatedly would likely be the floor for all countries.

Meanwhile, Albanese’s government has helped thaw relations with Beijing, it’s biggest trading partner and customer for raw materials and wine. Albanese on Tuesday said his government has been able to remove impediments that blocked more than A$20-billion worth of goods going to China.

Edited by Bloomberg

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (04/07/2025)
4th July 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.098 0.179s - 127pq - 2rq
Subscribe Now