The Fort Worth Press - Australia hosts China FM, sees 'stability' in ties

USD -
AED 3.672498
AFN 64.506028
ALL 81.598713
AMD 359.67278
ANG 1.789785
AOA 917.99973
ARS 1538.255899
AUD 1.421171
AWG 1.8025
AZN 1.6682
BAM 1.758181
BBD 2.017808
BDT 124.280834
BGN 1.747831
BHD 0.378105
BIF 3005.600554
BMD 1
BND 1.283543
BOB 11.917476
BRL 5.351899
BSD 1.001892
BTN 95.226537
BWP 13.859348
BYN 2.947424
BYR 19600
BZD 2.014932
CAD 1.40625
CDF 2315.000148
CHF 0.829655
CLF 0.024972
CLP 986.040215
CNY 6.66835
CNH 6.665855
COP 3151.37
CRC 455.595609
CUC 1
CUP 24.044517
CVE 99.123517
CZK 21.86705
DJF 178.40785
DKK 6.718515
DOP 61.444278
DZD 135.338984
EGP 56.0216
ERN 15
ETB 162.972609
EUR 0.89881
FJD 2.243205
FKP 0.75114
GBP 0.751645
GEL 2.570502
GGP 0.75114
GHS 11.676555
GIP 0.75114
GMD 74.000053
GNF 8866.375106
GTQ 7.656419
GYD 209.942467
HKD 7.84465
HNL 26.89794
HRK 6.76901
HTG 131.239943
HUF 329.781502
IDR 18171
ILS 3.02401
IMP 0.75114
INR 95.05725
IQD 1518.788206
IRR 1857000.000028
ISK 122.590193
JEP 0.75114
JMD 159.404525
JOD 0.709026
JPY 157.901503
KES 129.859867
KGS 87.449202
KHR 4090.273689
KMF 440.999906
KPW 899.999961
KRW 1337.469932
KWD 0.31121
KYD 0.834862
KZT 457.910823
LAK 22548.645041
LBP 89716.422674
LKR 333.065143
LRD 170.315667
LSL 16.709083
LTL 2.95274
LVL 0.60489
LYD 6.436563
MAD 9.868303
MDL 18.093068
MGA 4560.450921
MKD 55.35329
MMK 2099.630718
MNT 3601.077836
MOP 8.095253
MRU 40.249373
MUR 47.350154
MVR 15.450298
MWK 1737.250425
MXN 18.68369
MYR 4.083702
MZN 63.910469
NAD 16.709008
NGN 1340.66042
NIO 36.866069
NOK 9.327971
NPR 152.363829
NZD 1.78175
OMR 0.384489
PAB 1.001888
PEN 3.451546
PGK 4.491231
PHP 63.985498
PKR 277.234306
PLN 3.95535
PYG 5828.864747
QAR 3.652104
RON 4.809104
RSD 105.625014
RUB 80.489867
RWF 1482.753351
SAR 3.750764
SBD 8.064647
SCR 13.975707
SDG 601.502436
SEK 9.95023
SGD 1.28161
SHP 0.749344
SLE 22.875022
SLL 20969.504398
SOS 572.550994
SRD 37.6505
STD 20697.981008
STN 22.02465
SVC 8.766631
SYP 13001.999685
SZL 16.701501
THB 33.830216
TJS 9.217057
TMT 3.5
TND 3.000244
TOP 2.40776
TRY 49.837898
TTD 6.800611
TWD 32.419803
TZS 2645.000144
UAH 45.735578
UGX 4393.203883
UYU 40.165228
UZS 11956.976101
VES 886.72915
VND 25837.5
VUV 118.98361
WST 2.767767
XAF 589.580956
XAG 0.018483
XAU 0.000247083183
XCD 2.70255
XCG 1.805556
XDR 0.707052
XOF 589.580956
XPF 107.209637
YER 236.150068
ZAR 16.660535
ZMK 9001.199903
ZMW 20.204154
ZWL 321.999592
SSP 5745.470209
MXV 2.10737
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Australia hosts China FM, sees 'stability' in ties
Australia hosts China FM, sees 'stability' in ties / Photo: © AFP

Australia hosts China FM, sees 'stability' in ties

China and Australia claimed to have stabilised long-strained relations after talks in Canberra on Wednesday, despite tensions over a high-profile prisoner, trade and China's crackdowns in Hong Kong and elsewhere remaining evident.

Text size:

Chinese Foreign Minister Wang Yi visited Australia for the first time since 2017, marking a diplomatic thaw between two trading partners who have sparred over everything from the origins of Covid-19 to military deployments.

Wang said recent efforts to mend relations had "broken the ice", and that "mutual trust" and "good momentum" were slowly building in the relationship.

"The most crucial thing is to persist in seeking common ground while reserving differences," he said.

China and Australia have been working to patch up ties after years of bickering and tit-for-tat trade reprisals.

Australian Foreign Minister Penny Wong said it was crucial to recognise "how much progress we have made in a short period of time".

Despite praising the renewed "stability" between Beijing and Canberra, Wong also hinted at several ongoing points of friction.

"We discussed the sentencing of Dr Yang Hengjun. I told the foreign minister Australians were shocked at the sentence imposed," she said.

Jailed Chinese-Australian writer Yang Hengjun -- also known as Yang Jun -- was in February handed a suspended death sentence after a Beijing court found him guilty of espionage.

He vehemently denies the charges.

"I raised Australia's concerns about human rights, including in Xinjiang, Tibet and Hong Kong," Wong added.

Hong Kong on Tuesday passed a new national security law, introducing harsh penalties for crimes related to treason and insurrection.

The United States, European Union, United Kingdom and United Nations have issued strong statements criticising the Hong Kong authorities over the law, saying they were concerned about its impact on rights and freedoms in the city.

Protesters gathered on the lawns of Australia's parliament as the foreign ministers met inside, drawing attention to a litany of alleged human rights abuses within China.

Demonstrators waved Tibetan and Xinjiang flags and brandished placards declaring "human rights not for sale" and "release Yang Hengjun".

- Trade restrictions -

Australia's relationship with China began unravelling in 2018, when it excluded telecommunications giant Huawei from its 5G network on security grounds.

Then in 2020, Australia called for an international investigation into the origins of Covid-19 -- an action China saw as politically motivated.

In response, Beijing slapped trade restrictions on a slew of Australian exports, including barley, beef and wine, while halting its coal imports.

Most of those barriers have been gradually wound back as relations have been repaired, although restrictions remain on Australian wine exports.

Wang said a final decision on wine tariffs would be made at the end of the month, signalling restrictions could soon be lifted.

Before the trade restrictions were imposed, China was the largest destination for Australian bottled wine - accounting for 33 percent of export revenue in 2020, according to Australian government data.

Wong said the talks had also focused on nickel markets.

The global nickel market has been upended by a surge in exports from Indonesia -- enabled by massive Chinese investments and a revolution in refining techniques.

Prices have fallen about 40 percent in the past year alone, prompting many once-dominant Australian firms to rethink projects or write down the value of their assets.

F.Carrillo--TFWP