China to send a new pair of giant pandas to Australia in sign of warming ties

China plans to gift a new pair of giant pandas to Australia, signaling a warming relationship between the two countries. The Chinese premier made the announcement during his visit to Australia. This move comes after China lifted high tariffs on Australian wines and reduced trade barriers on barley, timber, and coal. This thaw in relations is attributed to the Labor party coming to power in Australia. China is Australia’s largest trading partner, and Australian commodities are crucial for China’s economic recovery. The loaning of pandas serves as a sign of friendship between countries.