G20 - Xi Jinping Seeks 'Fair' Australia Investment


(image: Kagenmi / iStock / Thinkstock)

Chinese President Xi Jinping and Australian Prime Minister Malcolm Turnbull have met at the G20 summit in Hangzhou.

According to Chinese media, cited by ABC News:

''President Xi urged Australia to create a "fair, transparent and predictable environment" for foreign investment.''

Trade relations between the two countries have been strained in recent weeks after Australia controversially blocked an energy deal with China, purportedly on 'security' grounds.

Mr Turnbull sought to explain the decision, albeit indirectly, in more positive terms:

''We have a very open foreign investment policy... we almost invariably say yes, but from time to time we say no.''

Analysts have seen the meeting as a positive step-forward, with David Crowe in The Australian reporting that:

''President Xi described Australia as an “important member of the G20” and China attached great importance to developing relations.''

Xi Yinping has an extremely busy diary of meetings over the course of the summit, and has already met with Egyptian President Abdel Fatah al-Sisi and Mexican leader Enrique Pena Nieto.

On Monday, he'll meet British Prime Minister Theresa May after the formal discussions of the summit have concluded. It is expected that they'll discuss trade between the two countries in the wake of the UK's vote in June to leave the European Union.

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