Australian Treasurer Jim Chalmers has met with his Chinese counterpart, Chinese Finance Minister Liu Kun, during a G20 meeting in India as the country seeks to progress further in resolving trade disputes with Beijing.
This was the first meeting between an Australian treasurer and a Chinese finance minister in four years following a diplomatic fallout, which led to Beijing imposing a coercive trade ban on $20 billion (US$13.6 billion) worth of Australian commodities in 2020.
As the two sides started to de-escalate the tension in the past year, the Chinese communist regime has loosened restrictions on some Australian products, such as coal and timber….