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Australian Prime Minister Albanese To Meet With China President Xi Jinping

AUSTRALIA
HomepagePolitical RiskPolitical Risk BulletBulletMarketsFixed Income NewsForeign Exchange News

Australian Prime Minister Albanese will meet with China President Xi Jinping on the sidelines of the G20 summit in Bali today. This comes after a breakthrough discussion over the weekend between Albanese and China Premier Li Keqiang, which was the first in-person talks between two leaders from both countries since 2019.

  • Albanese stated he would go into the discussions with goodwill and aimed for a constructive dialogue. This came after the China Premier stated China was prepared to meet Australia half-way to improve relations.
  • Albanese is not expected to demand an end to China sanctions, which currently cover a number of Australian exports - wine, barley etc (around A$20bn annually).
  • Still, it is hoped the meeting can pave the way for improved relations/dialogue, particularly after relations deteriorated under the previous Australian Government.
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Australian Prime Minister Albanese will meet with China President Xi Jinping on the sidelines of the G20 summit in Bali today. This comes after a breakthrough discussion over the weekend between Albanese and China Premier Li Keqiang, which was the first in-person talks between two leaders from both countries since 2019.

  • Albanese stated he would go into the discussions with goodwill and aimed for a constructive dialogue. This came after the China Premier stated China was prepared to meet Australia half-way to improve relations.
  • Albanese is not expected to demand an end to China sanctions, which currently cover a number of Australian exports - wine, barley etc (around A$20bn annually).
  • Still, it is hoped the meeting can pave the way for improved relations/dialogue, particularly after relations deteriorated under the previous Australian Government.