‘Ice thaws, but slowly’: Experts optimistic on China trade

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‘Ice thaws, but slowly’: Experts optimistic on China trade
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Experts said China’s bans on Australian timber, meat, and barley will ease after Penny Wong’s visit, “but it won’t all happen at once”. “The major point is that it has started.”

demonstrates China is ready to rebuild its relationship with Australia and will provide clear air for trade and investment, according to business figures.

“Something will happen soon on timber, meat, and barley, perhaps by March or April, but it won’t all happen at once. It will be piecemeal, but the major point is that it has started,” Mr Smith, a former Howard government minister, toldSenator Wong met Mr Wang in Beijing on Wednesday for about 100 minutes, in the first visit by an Australian minister to China in more than three years.

“This meeting, and the signal it sends to the Chinese system and business community, is likely to result in more positive attitudes toward Australia as both a trading and investment partner. Over time, we are likely to see a pick-up in commercial activity between Australia and China.

As a result, he argued, Australia would have to make policy concessions to secure the return of Cheng Lei and Yang Hengjun.

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