China pledges to promote cooperation with Australia

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Last updated at: (Beijing Time) Friday, October 24, 2003

China pledges to promote cooperation with Australia

Chinese president Hu Jintao said Friday in Canberra that his country is committed to strengthening and developing all-around cooperation with Australia to serve the interests of both peoples while addressing the Federal Parliament of Australia.

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President Hu Jintao said Friday in Canberra that his country is committed to strengthening and developing all-around cooperation with Australia to serve the interests of both peoples.

President Hu made these remarks during his visit to Australia after attending the 11th Asia-Pacific Economic Cooperation Leaders' Meeting in Bangkok earlier this week.

While addressing the Federal Parliament of Australia, Hu first reviewed the steady development of the relations between the two countries over the past three decades.

"The bilateral ties have stood the tests of time and international vicissitudes, and made steady headway," he said. "Wehave always viewed our friendly ties with Australia from a strategic and long-term perspective."

The president stressed that both governments and peoples wish to cultivate deeper and broader cooperation and this is also an important policy of the Chinese government.

"To consolidate and develop its all-around cooperation with Australia is a key component of China's external relations," Hu said.

He said he will have an in-depth discussion with Australian Prime Minister John Winston Howard on topics ranging from bilateral ties to regional and international issues of mutual interest.

Since China and Australia established diplomatic relations in 1972, exchanges between them have been thriving.

In the economic field alone, Australia had invested, by June 2003, in 5,600 projects in China, with a paid-in investment of more than 3.1 billion US dollars while China had made investments in 218 projects in Australia with a contractual value of 450 million dollars.

In recent years, China-Australia trade grew rapidly from 87 million dollars in the early years of diplomatic relations to 10.4billion dollars in 2002.

All this proves that China-Australia cooperation is going "deeper and broader," Hu said, adding that the forthcoming conclusion of a series of bilateral documents on cooperation will also help push it forward.

"I am convinced that China and Australia will shape a relationship of all-around cooperation that features a high degreeof mutual trust, long-term friendship and mutual benefit, a relationship that makes our two peoples both winners."

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