Jack Ma welcomes Australian Prime Minister Malcolm Turnbull at Alibaba headquarters in Hangzhou. (Photo : Getty Images)
Australian Prime Minister Malcolm Turnbull has met with Jack Ma to tour Alibaba's headquarters as part of his innovation push and his last stop before leaving the city of Hangzhou after attending the G20 summit, according to a report by abc.net.
Turnbull has been interested about innovative businesses in China which include Alibaba, one of country's largest and most successful companies, the report said.
"Innovation, trade, open markets - these are the keys to reinvigorate global growth," Turnbull was quoted as saying.
On Sept. 5, Chinese President Xi Jinping concluded the G20 Summit with a commitment to further promote economic global growth.
The G20 Summit, which was hosted by China for the first time, culminated with a media conference attended by hundreds of journalists but they were not allowed to ask the Chinese leader.
"The G20 needs to further shift from a mechanism for crisis response to long-term governance, from emphasising short-term policies, to balancing short, medium and long-term policies," Xi said.
Without giving any details, Xi said the leaders had agreed to hold off calls for the protectionist policies in some countries such as the U.S. and Europe.
"We are determined to revitalize the two engines of trade and investment and build an open world economy," the Chinese leader said.
"We support a multilateral trading system and oppose protectionism," Xi added.
The report said that many of the leaders that attended the summit headed to Laos for the ASEAN and East Asia Summits.
Turnbull also met with with French President Francois Hollande to call for "ferocious commitment" to ensure the security of the Australia-France joint submarine project.
An Australian newspaper has revealed a leak of thousands of classified documents about the technical capabilities of the Scorpene submarine that French shipbuilder DCNS was building for the Indian government.
The same French shipbuilder was awarded the $50 billion contract to build a new fleet of submarines for Australia.
A comprehensive investigation into the leak is being conducted by France, the report said.
