By Jianli Yang – Feb 15, 2023
China and Australia’s top trade officials recently met for the first time since 2019. Although Chinese Commerce Minister Wang Wentao described the recent talks with his Australian counterpart, Don Farrell, as an important step in getting bilateral economic and trade cooperation back on track, it is unlikely that there will be any significant improvement in bilateral economic relations between the two countries.
Wang himself sounded a note of caution, warning that trade disputes would not be resolved any time soon and that Beijing will not compromise on “principled” issues. Chinese officials have argued that Australia must first take steps to stem the decline in bilateral relations and create a better atmosphere for talks. After the meeting, the Australian side also downplayed the likelihood of an imminent lifting of trade restrictions… [Continue Reading]