The relationship between China and Australia is expected to be further boosted with over 20 documents of cooperation signed during the visit of Chinese Vice President Xi Jinping, Australia's media reported on Monday.
Chinese Vice President Xi Jinping (R Front) and Australian Prime Minister Kevin Rudd (R2 Front) meet with Chinese and Australian entrepreneurs in Canberra, capital of Australia, June 21, 2010. [Rao Aimin/Xinhua] |
"The high-level visit of Xi and hundreds of aides has made it clear how keen the two countries are to do business," the Australian Associated Press (AAP) reported after the announcement of the deal in Canberra on Monday.
According to AAP, Chinese companies will build mines, railways and port facilities in Australia under a series of deals.
The new agreements are not only in the resources and energy sectors, but also include telecommunications, education and a quarantine protocol for exporting Tasmanian apples to China.
Under one deal, Chinese companies will help fund an 8-billion-U. S.-dollar coal mine, railway and coal-loading terminal near Bowen in Queensland.
The deal would yield 4 billion Australian dollars (3.53 billion U.S. dollars) in exports each year for 25 years, Rudd said.
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