BEIJING, July 16 (Xinhua) -- China and Australia signed a memorandum of understanding (MoU) on the implementation and review of China-Australia Free Trade Agreement on Tuesday, according to the Chinese Ministry of Commerce (MOC).

China's Ministry of Commerce and Australia's Department of Foreign Affairs and Trade has signed a memorandum of understanding (MoU) regarding the implementation and review of China-Australia free trade agreement (FTA),

The Global Times described the China-Australia relationship as “flying in the stratosphere” but warned of “third-party interference”.

Australian Prime Minister Anthony Albanese has kicked off a visit to China meant to shore up relations between the two countries

Chinese Premier Li Qiang on July 15 said that China is ready to work with Australia to further deepen and expand bilateral cooperation, aiming for a higher level of mutual benefit that better serves the interests of both peoples.

Australia's Prime Minister Anthony Albanese arrived in Shanghai on Saturday for a six-day visit to three Chinese cities where regional security tensions and economic ties are likely to dominate talks.

President Xi said that with the joint efforts of both sides, China-Australia relations have emerged from their low point and achieved a turnaround in recent years, bringing tangible benefits to the people of both countries.

While seeking stable ties with its largest trading partner, Australia must also ‘maintain credibility as a regional stabiliser’, analysts say.

Australia and China are working to strengthen trade ties despite disagreements over security and human rights BEIJING — The leaders of Australia and China sought to deepen trade ties despite their differences over regional security and human rights at talks Tuesday in the Chinese capital.