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Chinese vice president's visit boosts Sino-Australian ties: media

06-22-2010 10:43 BJT Special Report: Xi Jinping Visits Four Nations |

by Vienna Ma

CANBERRA, June 21 (Xinhua) -- The relationship between China and Australia is expected to be further boosted with over 20 documents of cooperation signed during the visit of Chinese Vice President Xi Jinping, Australia's media reported on Monday.

Chinese Vice President Xi Jinping (R Front) and Australian Prime Minister Kevin Rudd (R2 Front) meet with Chinese and Australian entrepreneurs in Canberra, capital of Australia, June 21, 2010.(Xinhua/Rao Aimin)  
Chinese Vice President Xi Jinping (R Front) and Australian Prime Minister Kevin Rudd (R2 Front) 
meet with Chinese and Australian entrepreneurs in Canberra, capital of Australia, June 21, 2010.(Xinhua/Rao Aimin)
  

"The high-level visit of Xi and hundreds of aides has made it clear how keen the two countries are to do business," the Australian Associated Press (AAP) reported after the announcement of the deal in Canberra on Monday.

According to AAP, Chinese companies will build mines, railways and port facilities in Australia under a series of deals.

The new agreements are not only in the resources and energy sectors, but also include telecommunications, education and a quarantine protocol for exporting Tasmanian apples to China.

Under one deal, Chinese companies will help fund an 8-billion-U. S.-dollar coal mine, railway and coal-loading terminal near Bowen in Queensland.

The deal would yield 4 billion Australian dollars (3.53 billion U.S. dollars) in exports each year for 25 years, Rudd said.

Another deal commits Chinese experts and engineers to work on the expansion of Fortescue's iron ore projects in the Pilbara region of Western Australia, which Rudd said will be worth 5 billion Australian dollars (4.4 billion U.S. dollars) a year in exports.

China Development Bank will also provide 1.2 billion U.S. dollars for a joint venture to build a new port and rail facilities at Oakajee in Western Australia, and invest in Aquila's coal and iron ore projects in the Pilbara.

"This demonstrates the dynamic relations between the two countries in this sector, and the strong complementarity of the two economies," Rudd said in a statement.


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