Australia, China sign billion dollar deals

Australia and China signed new deals worth 10 billion dollars (8.8 billion US), mostly in resources and energy, Monday after talks between Prime Minister Kevin Rudd and visiting Vice President Xi Jinping.

Iron ore is loaded onto a train in Western Australia. China and Australia have signed new deals worth 10 billion dollars (8.8 billion US), mostly in resources and energy, following talks between Prime Minister Kevin Rudd and visiting Vice President Xi Jinping

Rudd said the 10 agreements reflected the strong and growing cooperation between Canberra and its top trading partner, a key consumer of Australian raw materials.

"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.

source AFP

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