**Australia News Update: Chalmers Discusses Negative Gearing and Trade Relations with China** Treasurer Jim Chalmers has recently returned from Beijing, where he co-chaired the inaugural Australia-China strategic economic dialogue. In today’s news, he addressed the ongoing trade restrictions on Australian lobsters during discussions with Chinese leaders. Chalmers stated, "We still have some work to do regarding lobsters, but I was able to communicate directly with Chinese officials about our desire for a swift resolution to these issues." He emphasized that resolving these trade matters is crucial for stabilizing the complex relationship between Australia and China, which is filled with both challenges and economic opportunities. During his visit, Chalmers noted that the Chinese authorities announced significant measures aimed at bolstering growth in the Chinese economy. He expressed concern over the current economic weakness in China, which he described as a major factor contributing to global economic uncertainty. "Our Treasury forecasts indicate that we are anticipating the weakest years of Chinese growth since the late 1970s, and this is a significant concern for us," he added. Chalmers welcomed any efforts by China to improve its economic situation, as it would be beneficial for Australia as well. In other news, Sydney commuters are facing disruptions today due to the closure of a train line, marking a challenging start to the week for many travelers.