On the heels of the G-20 summit, China and Australia announced a landmark free trade deal worth billions which has been described as a “game changer.” The deal, more than a decade in the making, opens Chinese markets to Australian farm exporters and the services sector while easing restrictions on Chinese investment in Australia.

Chinese President Xi Jinping and Australian Prime Minister Tony Abbott signed a memorandum of understanding during a ceremony in parliament Monday. The two leaders also pledged to work together on climate change. CCTV America’s Roee Ruttenberg reported this story from Canberra, Australia.

The Heat interviewed Kevin Rudd, prime minister of Australia in 2013 and from 2007-2010, about the G-20 summit and the China-Australia free trade agreement.

At the G-20 summit in Brisbane, Australia, world leaders pledged to boost global growth by some $2 trillion over the next five years and close the gender gap by adding millions of women to the workforce by 2025.

The Heat interviewed a panel of experts on future G-20 summits and whether annual meeting really makes a difference.

• Liu Baocheng, dean of the Center for International Business Ethics at the University of International Business and Economics in Beijing.
• Dan Ikenson, director of the Stiefel Center for Trade Policy Studies at the Cato Institute.
• Karel Lannoo, the chief executive of the Center for European Policy Studies in Brussels.