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Chinese President Hu to sign energy deals on trip to Australia

Chinese President Hu to sign energy deals on trip to Australia

Chinese President Hu Jintao will oversee the signing of business deals on energy and natural resources and propose a forest-management initiative to cope with climate change when he visits Australia next week, officials said Tuesday.
Hu's seven-day trip will be divided between a state visit to Australia and attendance at a summit of Asia-Pacific leaders and underscores the growing economic links between resource-hungry China and resource-rich Australia.
Among the agreements Hu's delegation, which will include business executives, expects to sign will be deals on "large-scale energy and natural resources cooperation," Assistant Foreign Minister He Yafei said at a media briefing.
He and other officials present declined to provide details, saying that the negotiations were still going on. Dow Jones Newswires reported last week that one of the deals could be a long-term contract for Australia to provide liquefied natural gas for a terminal under construction in eastern China.
Trade between China and Australia reached nearly US$33 billion (


Updated : 2020-11-30 10:31 GMT+08:00