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Australia and China sign climate-change deal

Australia and China have agreed on six new projects to combat greenhouse gases under a memorandum of understanding (MOU) signed recently in Beijing. The projects range from using satellite imagery to help measure greenhouse emissions from farms to helping China formulate a national climate change strategy.

The initial focus would be on optimizing the benefits from China’s recent accession to the World Trade Organization and improving fiscal management, while later areas to be considered include tax reform, integrity systems and public service management. China is Australia’s second largest export market, surpassing the United States, and investment from China in Australia reached $2.2 billion last year.