Australian Prime Minister Anthony Albanese has toured a panda breeding facility in the final stages of an extended state visit that has cast China as a fellow champion of a global fair trade system under threat from the United States.

Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade.

El primer ministro de Australia, Anthony Albanese, visitó un centro de cría de pandas en la recta final de una larga visita de Estado

Lowy Institute Senior Fellow for East Asia Richard McGregor spoke with Sky News Australia on the relations between Australia and China, noting that while the ties have stabilised, deep differences persist.

Major miner BHP has said it is too costly for Australia to build a "green iron" industry after the country and China agreed this week to jointly work to decarbonise the steel supply chain, responsible for nearly a tenth of global emissions.

On July 15, the 8th Australia-China CEO Roundtable Meeting was held in Beijing. Liu Chunxi, Senior Executive President of Yili Group, participated and delivered a speech. Liu stated that Australia boasts high-quality agricultural and pastoral resources,

The Australian industry was abuzz this afternoon with reports of a deal brokered between Australian and Chinese officials for a trial of five shipments of canola totalling around 150,000 tonnes. If this was the case it would be the most meaningful export program to China in many years.

In the past few years, annual bilateral trade was worth around $210 billion, Li noted, underlining that there is great potential for further expansion. China's vast market will continuously unleash immense consumption potential, creating more opportunities for enterprises from both countries, he added.