We can all move forward through respect, cooperation and trade

We will also sign a series of bilateral documents on cooperation.

All this shows that China-Australia cooperation in the various fields is going deeper and broader.

I am convinced that China and Australia will shape a relationship of all-round cooperation that features a high degree of mutual trust, long-term friendship and mutual benefit, a relationship that makes our two peoples both winners.

How should countries go about their relations with one another in this complicated and diverse world?

It is a question that is on the minds of many people.

We are of the view that for a smooth conduct of state-to-state relations and for lasting peace and common prosperity, all countries should act in compliance with the following principles:

First, politically, they should respect each other, seek common ground while putting aside differences and endeavour to expand areas of agreement.

Our world is a diverse place like a rainbow of many colours.

Civilisations, social systems, development models, as different as they may be, should nonetheless respect one another, learning from each other's strong points to make up for one's own weakness amid competition and comparison and achieving common development by seeking common ground while shelving differences.

By mutual respect politically, we mean that the political system and path of political development chosen by the people of each country should be respected.

Democracy is the common pursuit of mankind, and all countries must earnestly protect the democratic rights of the people.

In the past 20 years and more since China embarked on the road of reform and opening up, we have moved steadfastly to promote political restructuring and vigorously build democratic politics under socialism.