It’s economically naive to cut China out of direct investment
There may be more “like-minded” investors out there for Australia’s resources sector. But will they be as competitive and efficient as China has proven to be.
Treasurer Jim Chalmers last week made it clear that in responding to global “churn and change”, the government saw its Future Made in Australia evangelism going hand-in-hand with a more security-minded approach to managing foreign investment.
The biggest churns Australia faces, according to Chalmers, are the net zero transformation and US-China great power competition.
