Prime Minister Anthony Albanese’s six-day visit to China was a diplomatic reset that marks the full restoration of trade ties after years of friction. While the trip was framed around economics, the stakes were far broader, as tensions simmer over Taiwan, defense, and Australia’s balancing act between its biggest trading partner and its key security ally, the US.

This week on the Bloomberg Australia Podcast, host Rebecca Jones speaks with Beijing-based reporter James Mayger about how the visit played out inside China and what wasn’t said in the official statements. They also explore what China wants next from the relationship — and how much Canberra is actually willing to give.