Australia wants its ‘mutually beneficial’ relationship with China to improve, Treasurer Frydenberg says



Saheli Roy Choudhury | CNBC

SINGAPORE — Australia will continue advocating for its national interests but would like to see strained relations with China improve, Australian Treasurer Josh Frydenberg said Monday.

“The China-Australia trading relationship is … very important,” Frydenberg told CNBC’s Will Koulouris. “It’s mutually beneficial. Our resources have helped underpin China’s economic growth and we welcome that.”

“At the same time, China has been a very important market for Australia and our exports to China has helped boost incomes here in Australia – been an important source of revenue and job creation,” Frydenberg told CNBC, as part of the network’s coverage of the Davos Agenda.

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