logo
Australia PM Albanese kicks off China visit focused on trade

Australia PM Albanese kicks off China visit focused on trade

The Hindu2 days ago
Australian Prime Minister Anthony Albanese kicked off a visit to China this weekend, meant to shore up trade relations between the two countries.
Mr. Albanese met with Shanghai Party Secretary Chen Jining on Sunday (July 13, 2025), the first in a series of high-level exchanges that will include meetings with Chinese President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji of the National People's Congress.
Mr. Albanese is leading 'a very large business delegation' to China, which speaks to the importance of the economic relations between Australia and China, he told Chinese state broadcaster CGTN upon his arrival in Shanghai Saturday (July 12, 2025).
During a weeklong trip, Mr. Albanese is set to meet business, tourism and sport representatives in Shanghai and Chengdu including a CEO roundtable Tuesday (July 15, 2025) in Beijing, his office said.
It is Mr. Albanese's second visit to China since his centre-left Labour Party government was first elected in 2022. The party was reelected in May with an increased majority.
Mr. Albanese has managed to persuade Beijing to remove a series of official and unofficial trade barriers introduced under the previous conservative government that cost Australian exporters more than 20 billion Australian dollars ($13 billion) a year.
Beijing severed communications with the previous administration over issues including Australia's calls for an independent inquiry into the origins of and responses to COVID-19. But Mr. Albanese wants to reduce Australia's economic dependence on China, a free trade partner.
'My government has worked very hard to diversify trade … and to increase our relationships with other countries in the region, including India and Indonesia and the ASEAN countries,' Mr. Albanese said before his visit, referring to the 10-member Association of Southeast Asian Nations.
'But the relationship with China is an important one, as is our relationships when it comes to exports with the north Asian economies of South Korea and Japan,' he added.
Chinese state-run Xinhua News Agency, in an editorial Sunday (July 13, 2025), described China's relationship with Australia as 'steadily improving' and undergoing 'fresh momentum.'
'There are no fundamental conflicts of interest between China and Australia,' the editorial stated. 'By managing differences through mutual respect and focusing on shared interests, the two sides can achieve common prosperity and benefit.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Who is Satoshi Nakamoto, and how has he joined the list of the world's richest
Who is Satoshi Nakamoto, and how has he joined the list of the world's richest

Time of India

time37 minutes ago

  • Time of India

Who is Satoshi Nakamoto, and how has he joined the list of the world's richest

While tech tycoons often dominate the spotlight, there's one name that quietly rises above, without ever being seen. Satoshi Nakamoto, the mysterious creator of Bitcoin , has now become one of the wealthiest people on the planet. According to crypto analytics firm Arkham, Nakamoto's wealth has touched $128.92 billion (about ₹10.78 lakh crore), placing them at number 11 in global rankings. Richer than Dell– but still a mystery Arkham's latest data shows Nakamoto holds around 1.096 million BTC. Based on today's prices, that pushes their net worth ahead of Michael Dell, who, according to Forbes, is worth $124.8 billion. But despite the staggering numbers, Nakamoto's identity remains a complete mystery– no one knows who it is, or whether it's a single person or a team. Theories, denials, and one court verdict Since Bitcoin's launch, plenty of names have popped up– Hal Finney, Nick Szabo, Elon Musk, and Jack Dorsey– but each one has denied any link to Bitcoin's creation, according to a report by the Times of India. According to the report, Australian computer scientist Craig Wright made the boldest claim, publicly declaring himself as Nakamoto. But in 2024, the UK High Court threw out his claims. He was found guilty of making false statements and what the court described as 'legal terrorism.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo Wright was given a 12-month suspended sentence and banned from ever calling himself Bitcoin's creator again. Nakamoto disappeared in 2011, but theories haven't Until 2011, Nakamoto was regularly active online, mainly through forums and emails. After that, all communication stopped. The New York Post noted that Nakamoto once claimed to be a 37-year-old man from Japan. But the timing of his posts aligned more with UK daytime hours, adding to the ongoing speculation. Quiet genius, not spotlight seeker As per the Times of India report, though Nakamoto stayed away from fame, his work did the talking. His code, especially in C++, has often been described as highly advanced. In The Mysterious Mr. Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto, journalist Benjamin Wallace wrote that Nakamoto was 'an elusive figure who might or might not exist,' as quoted by the New York Post. From obscure code to one of the world's most valuable assets What started as a small project among developers and cypherpunks grew into one of the most valuable assets in the world. By 2022, Bitcoin ranked ninth globally– just behind Tesla and ahead of Meta, as per reports. A statue without a face In Budapest's Graphisoft Park, a statue now stands in honor of Nakamoto. Made by Gergely Réka and Tamás Gilly, the bronze figure wears a hood and has a reflective aluminum-bronze face. According to StatueOfSatoshi(dot)com: 'The statue represents a general human figure, since we do not know the gender, race, age, or height of the mysterious developer.' Anyone who stands in front of it sees their own reflection– fittingly capturing the message, 'We Are All Satoshi.'

‘Nations who aid terror will pay a price': How India's SCO diplomacy sends a message beyond Beijing
‘Nations who aid terror will pay a price': How India's SCO diplomacy sends a message beyond Beijing

Economic Times

timean hour ago

  • Economic Times

‘Nations who aid terror will pay a price': How India's SCO diplomacy sends a message beyond Beijing

Synopsis At the Shanghai Cooperation Organisation meeting in Tianjin, India's Foreign Minister S Jaishankar called for an unflinching fight against terrorism, highlighting the Pahalgam attack as proof of old threats taking new forms. He warned SCO nations against complacency, reminded them of their founding mission, and urged practical cooperation rooted in respect and sovereignty. Amid diplomatic back-and-forth with China and criticism at home, Jaishankar argued that real stability demands courage, clarity and collective resolve. IANS New Delhi, July 13 (IANS) External Affairs Minister S. Jaishankar will embark on a three-day visit to China starting Sunday to attend the Foreign Ministers' Meeting of the Shanghai Cooperation Organisation (SCO) member states being held in Tianjin. External Affairs Minister S Jaishankar didn't mince words in Tianjin. Facing his counterparts from China, Pakistan and other SCO members, he reminded them why the organisation exists. 'The three evils that SCO was founded to combat were terrorism, separatism and extremism. Not surprisingly, they often occur together,' he said. The recent terror attack in Pahalgam on 22 April was his example — a deliberate strike aimed at tearing apart Kashmir's tourism lifeline and stoking a religious fault line. The UN Security Council echoed India's anger, condemning the attack and urging that 'perpetrators, organisers, financiers and sponsors of this reprehensible act of terrorism' must be held accountable. Jaishankar's message to the SCO was clear: stick to your founding principles or risk irrelevance. Jaishankar stressed that India has already acted and will keep acting. The country's response — Operation Sindoor — crossed into Pakistani territory and hit terror bases in PoK, targeting Lashkar-e-Taiba, Jaish-e-Mohammad and Hizbul Mujahideen camps. It was a stark signal to the region: India won't sit idle while terror factories flourish next warning wasn't limited to bombs and bullets. Jaishankar pointed to a world drifting into chaos — more conflicts, more coercion, more economic uncertainty. 'In the last few years, we have seen more conflicts, competition and coercion. Economic instability is also visibly on the rise,' he said. His prescription? Countries must stabilise the global order and 'de-risk various dimensions' course, not everything he said landed smoothly. Back home, Congress leader Rahul Gandhi mocked him for meeting Chinese President Xi Jinping. 'I guess the Chinese foreign minister will come and apprise Modi about recent developments in China-India ties. The EAM is now running a full blown circus aimed at destroying India's foreign policy,' Rahul fired on X. For Jaishankar, though, the optics mattered less than the substance. 'Called on President Xi Jinping this morning in Beijing along with my fellow SCO Foreign Ministers. Conveyed the greetings of President Droupadi Murmu & Prime Minister @narendramodi. Apprised President Xi of the recent development of our bilateral ties,' he also held talks with his Chinese counterpart Wang Yi. Their discussion touched on the border standoff, people-to-people ties, trade blockades — all the friction points that can't be brushed under the carpet. 'Held detailed talks… Spoke about the need for a far-seeing approach… Confident that on the foundation of mutual respect, mutual interest and mutual sensitivity, ties can develop along a positive trajectory,' Jaishankar the drama, Jaishankar laid out India's approach to keep the SCO meaningful. First, respect each other's borders and sovereignty. 'It is essential that such cooperation is based on mutual respect, sovereign equality and in accordance with territorial integrity and sovereignty of member states,' he deepen ties in concrete ways. India's recent push ranges from startup innovation to traditional medicine and digital public infrastructure. These are practical bridges that can outlast knows talk of cooperation rings hollow without real connections. The lack of assured transit within the SCO region, he argued, stifles trade. He pressed members to get behind the International North-South Transport Corridor (INSTC), a 7,200 km freight corridor linking India with Iran, Afghanistan, Russia and Europe. If it gains steam, it can change how the region trades with itself and the final piece of Jaishankar's message focused on Afghanistan. For years, the country has been a permanent item on SCO agendas. 'The compulsions of regional stability are buttressed by our longstanding concern for the well-being of the Afghan people,' he said. He urged other members to step up development assistance. India, he promised, will do its the sidelines, Jaishankar met Russia's Foreign Minister Sergey Lavrov — 'Russia's Foreign Minister Sergey Lavrov and Minister of External Affairs of India @DrSJaishankar hold a meeting on the sidelines of the #SCO Council of Foreign Ministers meeting,' Russia's Foreign Ministry posted. He caught up with Iran's Foreign Minister Seyed Abbas Araghchi too: 'Good to catch up with FM @araghchi of Iran, this time on the sidelines of the SCO Foreign Ministers Meeting in Tianjin,' Jaishankar its core, Jaishankar's message to the SCO was blunt: you can't cherry-pick what threats to ignore. Old problems — terrorism, separatism, extremism — won't fade if you keep turning a blind eye for convenience. The choice for the SCO is simple: stand firm, act together, or watch your relevance drain away one crisis at a time.

‘Iron-Clad Brothers': Pakistan Hails China Ties After Meeting Xi Jinping at SCO Summit
‘Iron-Clad Brothers': Pakistan Hails China Ties After Meeting Xi Jinping at SCO Summit

News18

timean hour ago

  • News18

‘Iron-Clad Brothers': Pakistan Hails China Ties After Meeting Xi Jinping at SCO Summit

Last Updated: Pakistan Foreign Minister Ishaq Dar met Chinese President Xi Jinping on the sidelines of the SCO Summit in Tianjin. Pakistan's foreign minister and deputy prime minister Ishaq Dar on Tuesday described China as his country's 'iron-clad brother" after a meeting with Chinese President Xi Jinping in Beijing. Dar's post on X came after Xi's joint interaction with the foreign ministers and delegation heads of the Shanghai Cooperation Organisation (SCO) member states. Dar said he was 'delighted" to meet Xi at the Great Hall of the People and conveyed greetings from Pakistan's leadership, government, and people. 'As iron-clad brothers and all-weather strategic cooperative partners, we remain committed to deepening Pak-China enduring friendship and advancing shared regional goals," Dar wrote. His remarks came a day after India's external affairs minister S. Jaishankar met senior Chinese leaders, including his counterpart Wang Yi and President Xi, during the SCO engagements in Beijing. While both sides spoke of keeping India-China differences from turning into disputes, India has, in recent weeks, sharpened its stance on China's backing of Pakistan, especially in the context of Operation Sindoor against terror camps. Delighted to meet earlier today with President Xi Jinping at the Great Hall of the People in Beijing. Conveyed the warm greetings of the leadership, government and people of Pakistan. As iron-clad brothers and All-Weather Strategic Cooperative Partners, we remain committed to… — Ishaq Dar (@MIshaqDar50) July 15, 2025 Lieutenant General Rahul R. Singh, India's Deputy Chief of Army Staff (Capability Development & Sustenance), warned that during Operation Sindoor, India confronted not just one but three adversaries on its western border. He revealed that China provided Pakistan with real‑time intelligence effectively turning Pakistan into a 'live weapons laboratory" for Chinese systems. Singh noted that 81% of Pakistan's military hardware is Chinese, adding Turkey-supported drone deployments to the mix as a third challenge. China currently holds the rotating presidency of the 10-member SCO, which includes India, China, Russia, Iran, Pakistan, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Belarus. During his address at the joint meeting in Tianjin, Xi stressed the importance of regional cooperation under the SCO framework. After the Beijing meeting, Dar and other foreign ministers travelled to Tianjin, where bilateral talks were held on the sidelines. 'Always good to exchange views for strengthening regional understanding and cooperation in such a challenging time," Dar posted on X. On the margins of the SCO events, Dar also met his counterparts from Kyrgyzstan, Kazakhstan, Iran, Uzbekistan and Belarus, news agency PTI reported. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store