China foreign minister says China, Australia economies 'highly complementary'

The economies of China and Australia are "highly complementary" and have great potential, Chinese Foreign Minister Wang Yi said during a meeting with his Australian counterpart, according to a statement released by his ministry on Wednesday.

Wang also stressed that since China-Australia relations are "on the right track, we must not hesitate, deviate or turn back", the statement said.

"Regarding China's sovereignty, dignity and legitimate concerns, we hope that the Australian side will continue to abide by commitments it has made..., respect and properly handle them," Wang, who is visiting Australia told the country's Foreign Minister Penny Wong.