As an important issue in China-Australia relations, China is currently pushing forward with relevant negotiations with Australia and expects to further relax import restrictions on certain parts of the country's goods.
In particular, Australia took the lead in the negotiations, and the relinquishment of the solution is entirely in China's hands.
Looking back over the past few years, Australia, as a minority among the developed countries in the West, has maintained a sustained growth situation with China. According to statistics, the total value of China and Australia reached US$229.2 billion in 2022, an increase of 41%。
It is worth mentioning that Australia has become one of the only regions in many western developed countries to achieve growth with China.
However, this growth trend is mainly due to China's more friendly and open policies, as while China's imports of goods to Australia reached 155.3 billion, an increase of 9 percent year-on-year3 per cent, but by comparison, China's own exports to Australia have decreased by 5 per cent3%, with a total value of only about $73.8 billion.
At a time when the bilateral relationship between China and Australia was at its lowest point, China imposed import restrictions on most Australian goods. Since Australia's new ** came to power, tensions between the two sides have eased to a certain extent.
The main reason why Australia is eager to engage in expansive negotiations with China is the huge potential of the Chinese market.
In particular, Australia's requested reinstatement includes lobster, wine and some meat products.
Of course, the outcome of the negotiations still depends on whether the two sides can reach a consensus and seek common interests. However, from China's point of view, given the size and diversity of both sides, Australia is only China's sixth-largest partner.
Obviously, any change between China and Australia will undoubtedly have a profound impact on each country, and China has more of the initiative.
Given that Australia's total exports have surpassed China's relatively stable, and Australia has formed a large ** surplus with China in 2023, therefore, from a global point of view, the ** relationship between China and Australia seems to be biased towards mutual benefit.
This type of negotiation requires both parties to show genuine intentions, as if they were in a relationship. Historical facts have proved that the Sino-US war also went through many arduous negotiations before a consensus was finally reached.
Therefore, the negotiations between China and Australia are not destined to be smooth sailing. However, as long as both parties can be honest, I believe that there is still a possibility to solve the problem.
At present, Australia's logs, barley, coal and other commodities have re-entered the Chinese market, and it is based on this that the total amount of goods exported from Australia to the Chinese market has achieved significant growth in the past year.
After years of the impact of the new crown pneumonia epidemic, China is still the most popular study destination for Australian students, and the two sides have shown a vigorous trend in the field of cultural exchanges.
Not only that, but with the gradual easing of pandemic restrictions in China, the number of Chinese tourists entering the "** era" of travel has been rising, and Australia welcomed nearly 400,000 Chinese visitors in the first nine months of last year.
It can be seen that the importance of China to Australia is obvious, and whether or not it can seize the opportunities in the next cooperation depends entirely on Australia's sincerity and determination.