Investment into Australia, on the other hand, has been exceptionally weak relative to the rest of the world, meaning Australia risks forgoing its massive strategic opportunity to co-invest with China – our #1 resources trading partner – on decarbonisation. This topic was high on the agenda of Federal Treasurer Jim Chalmers’ talks last week with Chinese leaders.
This historically unprecedented investment program encompasses Europe, greater Asia, Africa and South America, as investment into North America is undermined by increasingly adverse China-specific rules.
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