The Treasurer highlighted the change by citing a time in 2003 when US president George W Bush and Mr Hu addressed the Parliament in Canberra on separate days in the same week.
Gone are those days, Mr Frydenberg said. There is a lot more strategic competition in the world and China has been a lot more assertive, in not just its diplomacy but also in its other positions.
We have seen across a range of issues the consequences of that assertiveness.
Mr Frydenberg named Chinese trade restrictions on barley, wine and coal as examples of the changes in Beijing, while saying the Australian government had stood up for the national interest on issues like foreign investment.
The Treasurer is responsible for the Foreign Investment Review Board and has changed the law to raise new barriers to deals backed by state-owned enterprises in recent years.
Chinese deals blocked in recent years include a $13 billion bid for pipeline company APA Group by Hong Kong investor CK Infrastructure Holdings and a $600 million offer for Lion Dairy & Drinks from Mengniu Dairy last year.
Mr Frydenberg also blocked a $200 million bid for construction company Probuild from China State Construction Engineering Corp.
The Treasurer did not name specific deals, nor the governments rejection of technology from 5G supplier Huawei, but said telecommunications and foreign investment were part of the response to a more assertive China.
That has occurred in relation to foreign interference in my own space, that has recurred in relation to foreign investment where I have increasingly seen foreign investment applications that are being pursued not necessarily for commercial objectives but strategic objectives, he said.
As you know I have said no to applications that in the past may have been approved.
Chinese Foreign Ministry spokesman Zhao Lijian confirmed on Tuesday that restrictions on trade were linked to Chinas wider foreign policy and that Australias alliance with the United States was a factor.
Mutual respect is the foundation and safeguard of practical cooperation between countries, he said at a press briefing when asked whether Australia was missing out on exports to China.
We will not allow any country to reap benefits from doing business with China while groundlessly accusing and smearing China and undermining Chinas core interests based on ideology.
When a certain country acts as a cats paw for others, it is the people that pay for misguided government policies. From what you mentioned in your question, we can see how such a practice has served the country concerned.
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The Treasurer says his approach to approving foreign investment applications has changed, while China has made it clear restrictions on trade are linked to foreign policy objectives.
