We can all move forward through respect, cooperation and trade

While speeding up strategic economic restructuring, we are vigorously implementing the strategies of revitalising China through science and education, of sustainable development, of the development of the west and of renewal of the old industrial base of north-east China.

China enjoys a vast market, abundant labour, social and political stability and a vibrant momentum for development.

A stronger and more developed China will bring growth opportunities and tangible benefits to other countries in the world.

China and Australia are highly complementary economically.

Blessed with a vast territory and rich resources, Australia boasts of economic and technological successes.

The potential for China-Australia economic cooperation is immense.

Past, present or future, we see Australia as our important economic partner.

China-Australia trade grew rapidly in recent years from $US87 million ($A124.67 million) in the early years of diplomatic relations to $US10.4 billion ($A14.9 billion) in 2002.

China has become Australia's third-largest trading partner, the fourth largest export market, and the fastest-growing one.

Australia is China's ninth-largest trading partner and the biggest supplier of wool.

Over the years, China has purchased large amounts of iron ore and aluminium oxide from Australia which has such energy and mineral riches.

Last year, the two countries signed a 25-year, $25 billion deal on LNG in Guangdong, thus laying a solid foundation for bilateral energy cooperation.