Business urges PM to relax China investment rules

News Snapshot:

Chinese media are hailing Mr Albanese’s trip as an “ice-breaker” and complimenting the prime minister for making peace with Beijing, a sharp contrast to years of scathing commentary. The powerful China Daily newspaper this week said both Australia and China had taken a “conducive attitude” – a sharp contrast to past state media reports condemning Scott Morrison. China slapped sanctions on $20 billion of Australian exports at the height of Sino-Australian tensions in 2020. It has now wound back many of those restrictions as it reopened high-level communications with Canberra after Labor won power. National security grounds However, Australian executives...