The year 2023 is the second year of Australian Prime Minister Albanese’s administration，and the political and economic situations at home and abroad have seen significant changes. On the one hand，the threat to the lives and health of the Australian people posed by the COVID-19 pandemic has been greatly reduced，the lives of the population have basically returned to normal，and the amount of foreign trade has continued to grow，earning a large amount of foreign exchange；on the other hand，the domestic economic development has been affected by the high inflation rate，the high unemployment rate，and the lack of consumer confidence，which makes the outlook of the country worrisome. Australia’s foreign policy also has two sides，Albanese actively resolved trade disputes between China and Australia，and made an official visit to China；and while China-Australia interaction warmed up，Australia did not forget to strengthen cooperation with the United States，Japan and other traditional allies，and increased support for the South Pacific island countries，in an attempt to stabilize Australia’s strategic position in the “Indo-Pacific region”.