Id like to join the other speakers tonight in congratulating Peter Drysdale and Zhang Xiaoqiang and their teams.
They have produced an extremely valuable report and a piece of work that is unique in at least two ways.
Firstly, by bringing together people from both sides of the relationship to produce a report that presents a shared perspective.
This shared perspective is not only the result of collaboration between academic experts it has also had extensive input from business, government, NGOs and civil society in both countries.
The report is also unique in taking an over the horizon perspective.
It looks to the future by considering how transitions under way the Chinese and the Australian economies will play out in coming years.
And it looks to the future by developing proposals to further enhance and shape the Australia-China relationship.
On a personal note I would like to thank Peter Drysdale for this work.
Peter is one of Australias leading thinkers on Asian engagement.
He has consulted widely on this project, and I have appreciated the opportunity to engage with him on these issues.
I also thank Zhang Xiaoqiang who has played an important role over many years in China in developing policy and thinking about Chinas international engagement.
We are fortunate to have had his collaboration and the involvement of the China Center for International Economic Exchanges.

Let me add to earlier speakers remarks with some of my own observations.
Australias relationship with China has been central to our economic past.
And Australias relationship with China will be critical to our economic future.
This report explores the complementarities between our two economies.
As someone who has recently moved from the trade to the foreign affairs portfolio, I think this concept of complementarity is an important tool for both understanding and deepening the relationship.
The standard economic analysis of trade starts from the insight that countries will gain mutual benefits by specialising in the things they do best and trading with one another. But this report takes the concept much further.
It suggests that the structure of our two economies, and their likely trajectories in coming years, mean Australia and China are uniquely placed to benefit from closer engagement. As China industrialised during the 1990s and 2000s, Australia was uniquely placed to supply the raw materials and energy needed to power its economic expansion and this complementarity will continue to be a mainstay of the economic relationship.
But with Chinas economy maturing, Australia is now also supplying food and agricultural goods, and education and tourism services, to Chinas expanding middle class. On the investment front, we know Australia has always relied on foreign capital to meet its investment needs.
There will be debates about the merits of individual investment proposals and Australia will, and should, retain the right to consider whether major investments in sensitive sectors are in the national interest.
But the trend in coming years will be for an increasing proportion of our capital inflows to be sourced from China.
This investment will help build new businesses and create new jobs in Australia, just as past waves of investment from Britain, the United States and Japan have done.
And with both economies now in transition, the report identifies emerging new complementarities in areas like innovation, advanced science, research and technology, and financial services.
This is an analysis which suggests that there is a powerful strategic fit between our two economies and that we can take active steps to enhance this strategic fit for the future.
Moreover, the complementarities go beyond the economic dimension.
Chinas growth means it will play an increasingly important role in global affairs and institutions, reshaping the international order. The establishment of the Asia Infrastructure Investment Bank is one recent example of this.
The rules-based international system generates global public goods such as international financial stability, an open trading system and cooperation on cross-border challenges ranging from health and climate change to terrorism and security.
Chinas active and positive participation in this system benefits all.
A deeper bilateral relationship with China will enable Australia to play its part in Chinas engagement in the international order.
Because Australias interests are always served by an international order that supports peace, prosperity and stability.
So, geopolitical complementarities as well as economic complementarities.
And the report suggests there can also be reform complementarities benefits that will come from policy-makers in China and Australia working together on reform challenges.
I can attest to the benefits of such cooperation from my experience as Minister for Climate Change.
Under the former Labor Government, China and Australia established high-level dialogues and joint approaches to climate policy.
This cooperation has been highly beneficial.
Indeed, China now surpasses Australia when it comes to emissions trading, a key economic reform for tackling climate change.
This experience illustrates the potential benefits of the reports proposal for joint policy working groups across a range of areas.
That proposal is part of an ambitious agenda for elevating the bilateral relationship to a Comprehensive Strategic Partnership for Change.
Because, as Allan Gyngell has reminded us today: The relationship can do better and it needs to do better.
It is an agenda which would involve a deeper, more sophisticated and more wide-ranging bilateral architecture.
While the details of the new architecture proposed by this report will need further discussion and debate, the authors are to be congratulated for their ambition and their vision. Its an ambition to take the Australia-China relationship to a new level.
And its a vision of a bilateral relationship that is a powerful force not only for the welfare of our two peoples but also for the stability and prosperity of the region and the global system.
I think those are aspirations we can all endorse.
Thank you.