China says Australia has stable economic cooperation in 2021

China says Australia has stable economic cooperation in 2021

This unpublished photo shows Gao Feng, a spokesman for the Ministry of Commerce. The Ministry of Commerce said on Thursday that China and Australia had stable trade- and economic cooperation between the two countries in 2021, with China being Australia's largest trading partner in goods.

The ministry spokeswoman Gao Feng said that bilateral trade reached $231.2 billion last year, a rise of 35.1 percent year-on-year.

China's imports from Australia reached $164.82 billion in 2021, a 40.6 percent increase from a year ago, Gao said.

Gao said that the economic and trade cooperation has been one of the most active and vibrant forces promoting bilateral relations over the past 50 years, and this year marks the 50th anniversary of the establishment of diplomatic relations between China and Australia.

The sound and stable development of China-Australia relations serves the fundamental interests and common aspirations of the two peoples, and contributes to the peace, stability and prosperity of the Asia-Pacific region, Gao said.

The spokesperson said that the new Australian government will face cruxes in bilateral relations, treat China and its development in an objective and rational way, and make more efforts to improve mutual trust and cooperation to create favorable conditions for the healthy development of bilateral economic and trade relations.