Also expanding steadily are the bilateral exchanges and cooperation in science and technology, agriculture and animal husbandry.
By June 2003, Australia has invested in accumulative 5,600 projects in China, with a paid-in investment exceeding $US 3.1 billion.
China has invested in 218 projects in Australia with a contractual value of $US450 million.
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We are ready to be your long-term and stable cooperation partner dedicated to closer cooperation based on equality and mutual benefit.
The trade and economic framework between China and Australia which will be signed today marks the beginning of a brand new stage of our trade and economic cooperation.
I am convinced that this framework will help steer our bilateral cooperation in economy, trade and other fields to continuous new highs.
Third, culturally, they should step up exchanges and enhance understanding and mutual emulation.
Diversity in the world is a basic characteristic of human society, and also the key condition for a lively and dynamic world as we see today.
The proud history, culture and traditions that make each country different from others are all parts of human civilisation.
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Every nation, every culture, must have some strong points of its own, and all should respect one another, draw on each other's strength to make up for its own weakness and strive to achieve common progress.
China has a 5,000-year civilisation, and its people of 56 ethnic groups have worked together to shape the magnificent Chinese culture.
The Chinese culture belongs not only to the Chinese but also to the whole world.
This is an edited version of the speech by Chinese President Hu Jintao given to Federal Parliament on 24 October.
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