China and Australia will provide each other's citizens with multiple-entry visas of up to five years for tourism and business from Friday, the Chinese foreign ministry said.

The visa arrangement followed a milestone trip by China's Premier Li Qiang to Australia earlier this week that marked a stabilisation in bilateral relations after a period of frosty ties. (Reporting by Ella Cao, Ethan Wang and Ryan Woo, Editing by William Maclean)