Australian Treasurer Praises China's Economic Stimulus Efforts During Beijing Visit

Jim Chalmers highlights the importance of China's economic health to Australia's prosperity amid revived bilateral relations.

Australian Treasurer Jim Chalmers concluded a two-day visit to Beijing, marking the first such visit in seven years.
Chalmers welcomed China's new measures to boost its economy, noting the positive impact this could have on Australia.
Bilateral talks included discussions on trade, investment, and decarbonisation, with plans for further cooperation next year.
China recently lifted most trade bans on Australian commodities, significantly reducing the financial impact on Australian exporters.
China's economic challenges include weak consumer demand and deflation, prompting new government measures to stimulate growth.