AUSTRALIAN business leaders have seized the initiative on ties with China, starting a "desperately overdue" dialogue after becoming exasperated with what they view as Labor's mishandling of the country's most critical bilateral relationship.
Senior business leaders including Business Council of Australia president Tony Shepherd, Fortescue Metals Group chairman Andrew Forrest, National Australia Bank chairman Michael Chaney and ANZ chief executive Mike Smith were granted a rare one-hour audience in Beijing last week with Chinese Vice-Premier Wang Qishan, a rapidly rising political player.


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