Chinese President Xi Jinping meets with Australian Prime Minister Anthony Albanese at the Great Hall of the People in Beijing, capital of China, Nov. 6, 2023. While trade compulsions have forced the Asia-Pacific nation to reach out to China, security concerns over Beijing's South China Sea claims have prevented a reset in ties. Trade talksPart of Beijing's calculus is rooted in Australia economic dependence on China. According to the Australian government, China is its largest trading partner, accounting for nearly a third of the country's total trade with the world. Australia is already closely watching potential flashpoints in the South China Sea, and in regard to Taiwan," Economist Intelligence Unit analysts said in a note.

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Persons: Xi Jinping, Anthony Albanese, Ding Haitao, coronavirus, Darren Lim, Lee McLean, McLean, we've, Albanese, We've Organizations: Australian, of, People, Getty Images, Xinhua, Agency, Xinhua News Agency, Getty, Australian National University, Labor, Australia, U.S ., China Hub . Trade, CNBC, Sky News Australia, Economist Intelligence, U.S Locations: Beijing, China, Xinhua, Australia, Asia, Pacific, Canberra, U.S, South China, Taiwan, The Hague, Philippines