China ties a delicate balance: business

Business groups say the federal government must must maintain strong ties with its number one trading partner.

The federal government must undertake the delicate balancing act between national security and maintaining the strong economic ties Australia enjoys with China, a leading business group says.

Prime Minister Malcolm Turnbull, who introduced anti-foreign interference laws last week, drew a stinging rebuke from China after suggesting they were aimed at the Asian giant.

"Of course, our country's national security concerns must always come first," Australian Chamber of Commerce and Industry boss James Pearson said on Tuesday.

But he said it was also important to recognise China was Australia's number one trading partner and an increasingly important source of investment for both Australia and Chinese businesses.

He said the China relationship was vital not just to the prosperity and high living standards that Australians enjoy today but to the prospect of future strong growth.


Share
1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world