Turnbull said Australia is ready to enhance communication and coordination with China in international and regional affairs and that he looks forward to attending the Group of 20 summit in Hangzhou in September.

Earlier Friday, Chinese Vice Premier Wang Yang and Turnbull together met with entrepreneurs that participated in the fifth Australia-China CEO Roundtable Meeting.

Wang said the visit of more than 1,000 Australian business leaders to China has reflected that bilateral trade relations have reached new heights.

Wang takes the visit of the delegation as an opinion poll for the prospect of bilateral trade cooperation. He believes that it shows Australia's optimistic expectation for China's economic outlook.

Turnbull said Australia-China relations have entered a track of rapid development, saying that the success of the roundtable meeting has fully demonstrated the confidence and expectation of the Australian business community for the development of bilateral ties.

Australia welcomes more investment from Chinese enterprises and is ready to work with China to push for greater development of economic and trade cooperation, said Turnbull.