NUSA DUA, Indonesia: China and Australia held their first formal summit in more than five years on Tuesday, hoping to end years of animosity that hampered trade ties and froze top-level meetings.

"I'm very pleased we are having this meeting today," Australian Prime Minister Anthony Albanese said at the start of a meeting with Chinese President Xi Jinping on the sidelines of the Group of 20 (G20) summit in Indonesia's resort island of Bali.

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