Chinese PresidentXi Jinping(L) holds a welcoming ceremony for Australian Governor-General Peter Cosgrove at the Great Hall of the People in Beijing, March 30, 2015. (Xinhua/Xie Huanchi)
Cosgrove told Xi that Australia, which has applied to join the Asian Infrastructure Investment Bank, also looks forward to the establishment of an RMB clearing bank in Sydney.
He said he believes that the free trade agreement in discussion will greatly benefit the two countries.
The two leaders also talked about cooperation on law-enforcement and fighting corruption, pledging to increase coordination in international affairs.
Prior to the meeting, Xi held a red carpet ceremony to welcome the Australian governor-general.
