Australia and China inked new trade deals amounting to $10 billion that would cover mostly the resources and energy sector with some provisions for telecommunications, training and a quarantine protocol in exporting Tasmanian apples to China.

Prime Minister Kevin Rudd and Vice President Xi Jinping witnessed the signing ceremony at Parliament House in Canberra today, where Mr Rudd also revealed that some $30 million has been allocated to sell Australia as tourism destination for Chinese travellers.

The prime minister added that an agreement was also reached to set up a future forum on Chinese tourism.

Mr Rudd said that the deals bolstered the depth and momentum of the Australia-China relations as he gave assurance that he and the Chinese vice-president would address a trade and investment forum though the Chinese leader is not scheduled to speak before the local media.

Also, the prime minister took a stab on the mining industry as he pointed out that trade relations with China remains strong in spite of the federal government's proposed super profits tax, underscoring that the forged deals has manifested that the fear campaign of the industry is baseless.

Mr Rudd said that despite the controversy, the resources industry is still experiencing "a huge amount of activity involving a huge amount of companies."

As shown by recent developments with resource stocks over the last month, Mr Rudd said that the mining industry "generally outperformed the general exchange here in Australia, and in fact outperformed resource stocks around the world."