Report outlines future of Australia-China ties »

Both Australia and China gain from growing and diversifying their economic relationship through new flows of tourists, students, investors and migrants. A major new study of the relationship between Australia and China, supported by both governments, has outlined a new vision for bilateral ties and pointed to significant economic and social benefits of stronger engagement and cooperation. The report, the Australia-China Joint Economic Report (ACJER), is the first major independent study of the Australia-China relationship, compiled with support from both Beijing and Canberra. It is a joint report by The Australian National University (ANU) and the China Centre for International Economic Exchanges (CCIEE). The report, delivered to Prime Minister Malcolm Turnbull and Chinese Premier Li Keqiang on Monday, is a comprehensive analysis of the state of the relationship. It examines the potential to improve trade and economic growth as the drivers of China's economic growth change and as Australia's economy shifts from its reliance on resource exports. Report co-editors Emeritus Professor Peter Drysdale, from the ANU Crawford School of Public Policy, and CCIEE Executive Vice-Chairman Mr Zhang Xiaoqiang, said the report outlined ways to reshape the Australia-China relationship.