PM says Australia should cut back trade with China, as urged by G7

Robert Besser
24 May 2023, 15:18 GMT+10

Australian PM Anthony Albanese has expressed his support of a joint statement by G7 nations made in Japan, which affirmed the need to reduce the group's reliance on trade with China
The G7 nations issued a communique from Hiroshima that stressed "de-risking" rather than "decoupling" their economic relations with China, the world's second largest economy
The Chinese foreign ministry has said Beijing firmly opposes the G7 statement, and complained to Japan for organizing the summit

CANBERRA, Australia: Australian Prime Minister Anthony Albanese has expressed his support of a joint statement by the Group of Seven (G7) nations made in Japan, which affirmed the need to reduce the group's reliance on trade with China.

Over the weekend the G7 nations, which consider China to be a growing economic and security threat, issued a communique from Hiroshima, Japan, that stressed "de-risking" rather than "decoupling" their economic relations with China, the world's second largest economy.

While attending a meeting of leaders of the US, Japan, India and Australia, a group known as the Quad, on the sidelines of the summit in Hiroshima, Albanese said, "I support the G7 communiques about the international relations that we have there."

Australia had "for some time" expressed concern about China's activities, he added, noting the "chafing" of an Australian aircraft in May 2022 by a Chinese fighter aircraft in the South China Sea.

"We have expressed concern in the past, we'll continue to do so. What we need to do is to make sure we work in a way that enhances the peace, security and stability in the region," Albanese said.

The Chinese foreign ministry has said Beijing firmly opposes the G7 statement, and complained to Japan for organizing the summit.

Appearing to target China, the Quad said they sought a region "where no country dominates and no country is dominated."

Albanese's comments come amid a recent improvement in Australia-China relations, with China set to resume imports of Australian timber, and discussions are ongoing about a possible visit by Albanese to Beijing.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.

More Information

27 ℃

Fair in Beijing/Capital

Technology

Section

Nvidia joins ranks of major US businesses valued at over $1 trillion

SANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...

Nvidia says will build AI supercomputer in Israel by end 2023

SANTA CLARA, California: Nvidia Corp, the world's most valuable listed chip company, said that to meet soaring customer demand for ...

3 Indian Cybersecurity Leaders Named in Global Hall of Fame Report that Identifies Cloud Security as Greatest Area of Concern

NewsVoirHyderabad (Telangana) [India], June 2: EC-Council, a global leader in cybersecurity education and training, announced the release of its Certified ...

Wellman's remarkable 8-week-long digital campaign wraps up, participants win IPL Tickets, exclusive Virat Kohli autographed merchandise and more

SRV MediaNew Delhi [India], June 2: Wellman, a leading men's wellness supplement brand, recently completed a highly successful online campaign ...

Russia blames US, Apple for hacking thousands of iPhones

New York [US], June 2 (ANI): Without providing evidence, Russia's Federal Security Service claimed on Monday that several thousand iPhones ...

India's comparative advantage in investing in Nepal cannot be overstated: Prachanda

New Delhi [India], June 2 (ANI): The India-Nepal Business Summit concluded successfully, marking a significant milestone in strengthening economic cooperation ...

Business

Section