China’s ambassador to Australia says relationship reset, constructive

Australian relies on China as a major export destination, both for goods and services.

Earlier from JPM:

• JP Morgan is expecting China's reopening to add around 1% to Australian economic growth

This today also from China’s ambassador to Australia, Xiao Qian.

He was addressing the media at the Chinese embassy in Australia's capital, Canberra.

• Warned against allowing differences between the two countries to “hijack” the overall relationship
• 2022 had been an “extraordinary” year for the relationship, change of government in Australia had provided an opportunity for a reset
• both sides considered the relationship to be a comprehensive strategic partnership
• differences and disputes remained
• both sides had agreed to address those in a constructive manner “not allow the differences to hijack” the overall relationship

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Improved prospects for trade with China will give AUD a boost.