00:00My Government's approach to our relationship with China is patient, is calibrated and is
00:07deliberate. And it is aimed at cooperating wherever we can, disagreeing where we must,
00:12but engaging in our national interest. Given that one in four of Australian jobs depends
00:19upon trade, and given that China is overwhelmingly by far the largest trading partner that Australia
00:26has, it is very much in the interests of Australian jobs and the Australian economy to have a positive
00:33and constructive relationship with China. Dialogue is how we advance our interests, how
00:40we manage our differences and we guard against misunderstanding. And the purpose of my visit
00:46here is to advance Australia's interests. President Xi and I agreed that dialogue must
00:52be at the centre of our relationship. We also discussed our economic relationship, which
00:58is critical to Australia. We spoke about the potential for new engagement in areas such as
01:05decarbonisation. That was the subject of the forum that was held yesterday. This afternoon,
01:15I will travel back to the centre of Beijing for meetings with Chairman Zhao of the National
01:25People's Congress, for the annual leaders meeting with Premier Li. We will then have a signing
01:32of various MOUs and then we will have the CEO Roundtable. The fact that senior Australian business
01:40business people, led by the Business Council of Australia have come here to Beijing as well
01:46as were present in Shanghai, and indeed Australian businesses will also be engaged with us in Chengdu,
01:54shows how important the economic relationship is and how the Australian business community regard
02:01this as an important relationship. We will then have, later this evening, a banquet hosted
02:08by Premier Li, but I thank very much President Xi, not just for the bilateral meeting that
02:15we're able to have, but also hosting a banquet lunch there in the Great Hall of the Peoples,
02:22which is an honour, which is bestowed on Australia.
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