Australia's Albanese confirms China visit as Beijing eyes trade deal review
FILE PHOTO: Australia's Prime Minister Anthony Albanese speaks at a Labor party election night event, after local media projected the Labor Party's victory, on the day of the Australian federal election, in Sydney, Australia, May 3, 2025. REUTERS/Hollie Adams/File photo
SYDNEY - Australian Prime Minister Anthony Albanese said on Tuesday that he would visit China from this weekend as Beijing looks to build on partnerships on AI, green energy and the digital economy.
"I look forward to going to Shanghai, Beijing and Chengdu, which I will visit from Saturday," Albanese told reporters in Hobart. He did not give more details about his trip.
This would be Albanese's second visit to China as prime minister, after his re-election in May.
Albanese's first visit to Beijing as Prime Minister in 2023 broke a seven-year freeze in diplomatic ties, and he emphasised the need for communication with China, despite differences between the two trading partners.
Albanese's trip comes as China, its largest trading partner, suggested a review of the 10-year-old free trade agreement between the two countries to boost ties in agriculture and mining, and explore growth areas in new technologies.
"We are willing to review the agreement with a more open attitude and higher standard," Xiao Qian, the Chinese ambassador to Australia, wrote in The Australian Financial Review on Monday.
When asked if Australia would look to expand the free trade deal with China to include AI, Albanese said: "We will determine our policy." REUTERS
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
32 minutes ago
- Straits Times
Singer Akon's $7.7 billion ‘Wakanda' futuristic city dream crumbles in Senegal
Sign up now: Get ST's newsletters delivered to your inbox R&B singer Akon' failed to deliver on his dream of a real-life Wakanda in the debt-stricken country. Abidjan, Côte d'Ivoire – Senegal scrapped R&B singer Akon's plans for a US$6 billion (S$7.7 billion) futuristic city on the country's Atlantic Coast, and opted for a scaled-back project in the debt-stricken country that will rely on private funding. Announced in 2018 as a tech-driven, eco-friendly utopia for the global Black community with its own cryptocurrency, initial designs for Akon City, with its boldly curvaceous skyscrapers, were compared by commentators to the awe-inspiring fictional city of Wakanda in Marvel's Black Panther films and comic books. But after five years of setbacks, the 800-hectare site in Mbodiene - about 100km south of the capital, Dakar - remains mostly empty. The only structure is an incomplete reception building. There are no roads, no housing, no power grid, the BBC reported. That project 'no longer exists,' Serigne Mamadou Mboup, head of Sapco-Senegal, the state-owned entity that develops coastal and tourism areas, told L'Agence de presse sénégalaise. In 2024, Sapco gave Akon two weeks to begin work on the development or risk forfeiting the land. Most of it was reclaimed after Akon missed payments to Sapco. Meanwhile the star's Akoin cryptocurrency has struggled to repay its investors over the years, with Akon, Senegalese-American, conceding: 'It wasn't being managed properly - I take full responsibility for that.' Sapco now plans to spend 665 billion CFA francs (S$1.5 billion) turning the area into a tourism hub with hotels, apartments, a marina and promenade connecting the area to a nearby lagoon. The project is being developed as Senegal deals with a debt crisis that emerged after a state audit found that former President Macky Sall's administration accumulated US$7 billion (S$9 billion) of previously unreported loans. The so-called hidden liabilities restricted the West African nation's access to global credit markets and led the International Monetary Fund to freeze US$1.8 billion of funding. The government expects its plan will deliver on part of the original promise, with about 15,000 jobs expected in the first phase, according to Sapco. The new plan may finally offer opportunity for local investment, jobs and a reason for young people to stay, said Jean Wally Sene, a school teacher and resident of Mbodiène. 'For a very long time, people, including Akon, have been coming here trying to sell us dreams and illusions,' Ms Sene said. 'Finally, there's a dream for Mbodiène that we dare to believe in.' BLOOMBERG

Straits Times
33 minutes ago
- Straits Times
US sanctions target North Korean fake-tech-worker scheme
Sign up now: Get ST's newsletters delivered to your inbox Thousands of North Korean workers have been posing as nationals from other countries to infiltrate companies in the US. The US slapped sanctions on individuals and companies linked to a scheme that involves recruiting North Koreans to pose as American tech workers and help fund Kim Jong Un's regime. The Treasury Department's Office of Foreign Assets Control imposed penalties on a 'malicious cyber actor' named Song Kum Hyok, who's accused of having ties with a hacking group linked to Pyongyang, as well as another individual and four companies based in Russia and North Korea. Song allegedly facilitated an IT worker scheme where North Koreans and others working from China and Russia are given false American identities – often using information stolen from US citizens – to gain remote employment with US companies and generate revenues for North Korea. The workers use 'a variety of mainstream and industry-specific freelance contracting, payment, and social media and networking platforms,' the Treasury Department said in a statement. The department also said that in some cases, the IT workers introduced malware into company networks. Thousands of North Korean workers have been posing as nationals from other countries to infiltrate companies in the US and around the world, according to the US government. Last month, the Justice Department announced one arrest and charges against nine people connected to the scheme. In a separate announcement, the State Department said it's offering a reward of up to US$5 million for information that would disrupt the financial means of people engaged in activities that support North Korea. It also offered $10 million for identifying and locating people involved in cyber attacks against critical US infrastructure. BLOOMBERG Top stories Swipe. Select. Stay informed. Asia Why Japan and South Korea are on different paths in the latest US trade salvo Opinion Hyper-competitive classrooms feed the corporate world's narcissist pipeline Opinion Is Donald Trump unstoppable? Singapore Keep citizens at the centre of public service, Chan Chun Sing tells civil servants Business 'It's our grandfather's company, we won't sell', says Wong family as shareholders reject GE delisting bid Asia Ex-Malaysian PM Najib's wife Rosmah wins $30,000 in suit against TikToker Singapore Chuan Grove GLS site snags top bid of $703.6m from Sing Holdings-Sunway joint venture Sport Singapore U-16 girls given footballing lesson in first match of inaugural Lion City Cup girls' tournament


AsiaOne
40 minutes ago
- AsiaOne
Trump says South Korea should be paying for its own defence, World News
WASHINGTON — US President Donald Trump said on Tuesday (July 8) South Korea should be paying for its own military protection and suggested the US ally needed to pay more for the US troop presence there, a day after saying he planned to impose a 25 per cent tariff on its imports. "It's very unfair. We supply the militaries to many very successful countries," Trump told reporters at a meeting of his Cabinet at the White House. "South Korea is making a lot of money, and they're very good. They're very good, but, you know, they should be paying for their own military." Trump said at he had got South Korea to agree to pay more for the presence of US forces during his first term, but his predecessor Joe Biden "cancelled" the deal. "I said to South Korea... you know, we give you free military, essentially, very little," Trump said, adding that he had told them they should pay US$10 billion (S$12.8 billion) a year. "I got three (billion) with a phone call... but I said next year we have to talk," he said, making claims Reuters has not verified. Trump said the presence of US forces was a "huge" economic benefit for countries that hosted them. "It's like having a city, it's tremendous money for them, and it's a tremendous loss for us... so we're talking, in a very nice way, We're talking to them." South Korea hosts about 28,500 American troops as a legacy of the 1950-1953 Korean War. It relies on the US nuclear umbrella for protection against China, Russia and North Korea, and is seen as a key ally for projecting US military power. Shortly before last year's US election, South Korea and the Biden administration hurried to sign a new, five-year agreement under which Seoul would raise its contribution toward the upkeep of US troops by 8.3 per cent to US$1.47 billion in the first year, with later increases linked to the consumer price index. During his election campaign Trump said South Korea should pay as much as US$10 billion per year, and has said such costs would be part of trade negotiations. Trump in the past has suggested he could withdraw US forces stationed overseas if countries did not pay more for their upkeep. In May, the Pentagon said a Wall Street Journal report that the US was considering withdrawing roughly 4,500 troops from South Korea was not true. [[nid:719965]]