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The report said not all of the deals involve resources. Under the agreement, a new quarantine arrangement will allow for Tasmanian apples to be exported to China, while other deals aim at cooperation in education and telecommunications.
"In good news for the industry, it has eased a number of bio- security restrictions which previously made it unviable for Tasmanian growers to export to China," Lucy Gregg, Business Development Manager with Fruit Growers Tasmania, told ABC News.
The Chinese vice president said China and Australia had a lot to offer each other. He also pressed for swift progress on a Free Trade Agreement (FTA) between the two countries.
"This could mean sweeping changes for sectors like manufacturing and agriculture, as well as for foreign investment and resource exports," AAP wrote, adding that the 15th round of free trade negotiations between China and Australia will take place in China later this year.
On Tuesday, Xi will fly to Darwin, capital city of Australia's Northern Territory, where he will be welcomed by an indigenous ceremony. He is scheduled to visit Kakadu to take a cruise and inspect indigenous rock drawings.