We have worked to build a relationship that is firmly based on the great complementarity of our economies. We seek to promote cooperation on the many issues where Australia shares common interests, and a similar outlook, with China. And that, in turn, means that we are more likely to come up with productive solutions to the problems that confront us. The result of all our efforts is that Australia's relationship with China is now as productive, realistic and sustainable as it has been since the establishment of diplomatic relations in 1972. The truth is that there is no viable alternative to engagement with China.
China contains one fifth of the world's population.
Its economic power is significant and growing, as is its strategic influence in the East Asian region and around the world. China deserves its place at the international table. It should be able to join in drafting the rules it is expected to abide by. No doubt the international scene, and global institutions, are changed by China's participation. But I dare say that China itself has changed, too, as it better understands how world institutions work.