Chinese ambassador says tariff discussions ‘on the right track’

Beijing’s restrictions on imports worth some $2.5 billion are “on the right track” to be lifted by the end of the month, China’s ambassador says, reassuring local companies that Australia’s largest trading partner would meet its ambitious growth target this year despite economic challenges.

“The relationship has stopped free-falling and stopped deteriorating,” Xiao Qian said, adding that Chinese authorities were “reviewing and investigating the tariffs imposed on Australia and things are moving on the right track and in the right direction”.