Australia needs to work better with China if it wants to succeed in coming decades, warns a leading global businessman.

Also today:

• The OECD upgrades its forecasts for global and Australian growth, while the US Federal Reserve says rates are on hold for three years
• More good news on COVID-19, but Victoria is staying in lockdown
• And Nine goes big on reality TV and sports

Plus an interview with Graeme McCormack, Chief Executive of Food Equity Group, about how he had to reinvent his business when COVID-19 hit.