Chinese Ambassador urges deeper China-Australia business collaboration in green innovation

Chinese Ambassador Xiao Qian calls for enhanced cooperation between Chinese and Australian businesses, focusing on both traditional sectors and emerging fields like green innovation.

Chinese Ambassador to Australia, Xiao Qian, has recently advocated for a more profound and expansive partnership between Chinese and Australian businesses, particularly emphasising the potential for collaboration in traditional sectors and emerging fields such as green innovation. Speaking at a business forum in Sydney, Xiao highlighted the significant opportunities in deepening economic ties between the two nations.

Xiao underscored the robust foundation of the China-Australia economic relationship, noting that both countries have benefited substantially from mutual trade and investment over the years. He emphasized the importance of building on this foundation by exploring new areas of cooperation that align with global sustainability trends. According to Xiao, the traditional sectors such as agriculture, resources, and manufacturing have long been pillars of the bilateral economic relationship, and continued collaboration in these areas remains vital.

However, he particularly highlighted the opportunities in green innovation as a critical area for future cooperation. He urged entrepreneurs and businesses from both nations to explore and invest in technologies and practices that support environmental sustainability, such as renewable energy, green building materials, and sustainable agriculture. By focusing on green innovation, Xiao believes that China and Australia can not only boost their economies but also contribute to global efforts in combating climate change and promoting sustainable development.

The ambassador pointed out that both China and Australia have set ambitious targets for reducing carbon emissions and transitioning to greener economies. China is targeting a peak in carbon dioxide emissions by 2030 and striving for carbon neutrality by 2060, whereas Australia has committed to achieving net zero emissions by 2050. Xiao emphasized that achieving these goals will require significant investment and innovation, and there is substantial scope for collaboration in areas such as clean energy technologies, energy-efficient infrastructure, and sustainable resource management.

Xiao also highlighted the role of bilateral and multilateral platforms in facilitating business collaboration. He mentioned initiatives like the Belt and Road Initiative (BRI) and the Regional Comprehensive Economic Partnership (RCEP) as avenues through which China and Australia can strengthen their economic and business ties. These platforms provide a framework for cooperation that can enhance trade flows, investment opportunities, and technological exchanges between the two countries.