Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that its recent weakness has hurt Australia. Chalmers was wrapping up a two-day visit to Beijing, the first to China by an Australian treasurer in seven years, as strained bilateral relations mend.

Australia and China agreed to cooperate further on investment, trade and decarbonisation, Treasurer Jim Chalmers said on Friday during a rare visit to Beijing where he praised the recent stimulus packages announced by China.

Australian Treasurer Jim Chalmers emphasized the significance of Chinese efforts to stimulate its economy during his visit to Beijing. This marks the first visit by an Australian treasurer in seven years,

Mr Chalmers is in Beijing to co-chair the first Australia-China Strategic Economic Dialogue in seven years, as well as to better understand the challenges facing the Chinese economy.

Australian Treasurer Jim Chalmers welcomes China's efforts to stimulate its slowing economy during a visit to Beijing, highlighting the impact on Australian exports and trade.

Australian Treasurer Jim Chalmers hailed China’s new stimulus effort as a “really welcome development” for both his nation and the global economy after meetings with counterparts in Beijing during a two-day visit.