Australian PM Albanese hopes to strengthen business ties during China trip

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Australian Prime Minister Anthony Albanese will leave for Shanghai on Saturday on an official visit to China. 

Albanese said today he will focus on strengthening business ties during the trip.

The trip will take him to Beijing, Shanghai and Chengdu before he returns to Australia next Friday. 

"I will have a leader to leader meeting with Premier Li (Qiang), as well as a meeting with President Xi Jinping," said Albanese. "And I look forward very much to engaging with the Chinese leadership. During the visit there, I will be taking a range of Australian businesses led by the Business Council of Australia, because one in four of Australian jobs depends upon our trade and around about 25 percent of our exports go to one destination, China, bigger than the next four of our partners combined of Japan, South Korea, the United States and India."

The visit will be Albanese's second to China since his centre-left Labor Party government was first elected in 2022. The government was re-elected with an increased majority in May.

Albanese has managed to persuade Beijing to remove a series of official and unofficial trade barriers introduced during the previous Conservative government's final three-year term.

Those barriers cost Australian exporters more than 20 billion Australian dollars a year.