Chinese Foreign Minister Wang Yi meets Australian Foreign Minister Penny Wong in New York on September 24, 2024. Photo: Chinese Foreign Ministry

China-Australia relations have seen positive progress with more recent high-level exchanges, and observers noted that strengthened communication between the two sides can effectively avoid amplifying differences. The two countries' top diplomats met on Tuesday, meanwhile the fourth China-Australia Strategic Economic Dialogue is scheduled to be held in Beijing.

According to Xinhua News Agency on Wednesday, Chinese Foreign Minister Wang Yi met with his Australian counterpart, Penny Wong, on the sidelines of the United Nations General Assembly in New York on Tuesday.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, told Wong that both sides should continue to build a more mature, stable, and fruitful comprehensive strategic partnership.

Both sides should properly handle the issues in bilateral exchanges and not define China-Australia relations from the perspective of differences, Wang said, hoping Australia joins hands with China to ensure that bilateral relations go on the right track and achieve more results.

Wong said Australia is ready to work with China to strengthen economic and trade cooperation, engage in constructive communication on issues of differences, and promote the stable development of bilateral relations. The Australian side's adherence to the one-China policy has not changed, Wong said.

Chen Hong, executive director of the Asia Pacific Studies Center at East China Normal University, spoke positively of the meeting, stressing that during the gradual improvement of China-Australia relations, increased high-level communication between the two sides has been beneficial in steering the overall direction of their relationship, highlighting the importance both parties place on enhancing ties. 

With the US election due in November and an Australian federal election next year, shifts in the political landscape may lead to policy uncertainties especially when it comes to China policy, making it even more crucial for China and Australia to deepen and strengthen high-level dialogue, as it can help avoid misunderstandings and misjudgments, Chen noted.

Analysts have also set high expectations for Australian Treasurer Jim Chalmers' upcoming visit to China.

On Wednesday, China's National Development and Reform Commission announced that according to the agreement between China and Australia, Australian Treasurer Jim Chalmers will visit China from Thursday to Friday. During this visit, Zheng Shanjie, head of the National Development and Reform Commission, will co-chair the fourth China-Australia Strategic Economic Dialogue with Chalmers.

As the treasurer, Chalmers oversees Australia's economic direction, Chen pointed out.

His visit to China is expected to not only promote bilateral economic and trade relations but also to enhance the overall bilateral relationship, Chen noted.

Additionally, there may be opportunities for breakthroughs in cooperation between the two nations in new areas, particularly in addressing climate change and clean energy initiatives, Chen said.

However, experts also warned that the recent negative dynamics in the Quad leaders' summit regarding China are not conducive to the steady and healthy development of China-Australia relations.