Chinese Premier Li Keqiang meets Australian PM Julia Gillard

1. Various of Tiananmen Square, Chinese and Australian flags 2. Various of honour guard at welcoming ceremony 3. Australian Prime Minister Julia Gillard and Chinese Premier Li Keqiang shaking hands 4. Cutaway of Chinese emblem 5. Various of Gillard and Li walking on red carpet 6. Various of Gillard and Li listening to national anthems 7. Gillard and Li receiving military salute 8. Various of Gillard and Li inspecting honour guard 9. Wide of meeting room 10. Close of Li speaking 11. Mid of Chinese delegation 12. Flag cutaway 13. Various of Australian delegation 14. Wide of meeting 15. Various of Gillard and Li walking and standing together 16. Flag cutaway 17. Various of Chinese and Australian officials signing agreements, shaking hands 18. Various of delegations toasting one another STORYLINE Chinese Prime Minister Li Keqiang on Tuesday welcomed his Australian counterpart, Julia Gillard to the Great Hall of the People with full military honours. The two countries agreed to hold structured high-level meetings on an annual basis to strengthen ties and provide strategic direction to their relationship, officials said. Three types of "strategic dialogue" will be held annually between prime ministers, foreign ministers, and economic ministers, officials said. Gillard is leading a senior government delegation on a five-day visit to Australia's biggest export market. On Monday, Australia and China agreed to make their currencies directly exchangeable in a deal that advances internationalisation of the yuan and reduces costs for companies. Gilliard said the Australian dollar would become only the third major currency to have direct convertibility with the yuan, after the US dollar and Japanese yen. In a boost to Australian companies, direct convertibility eliminates the need to exchange Australian dollars for US dollars in order to buy yuan and vice versa. Beijing wants the yuan to become an international currency but progress has been slow because of China's currency controls. The Australian delegation includes Foreign Minister Bob Carr, Trade Minister Craig Emerson and Financial Services Minister Bill Shorten. Gilliard has said that Australia can't take its trading relationship with China for granted in an increasingly competitive world economy. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/6b473e61ed83975a69dd9a91a25f0223 Find out more about AP Archive: http://www.aparchive.com/HowWeWork

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