Foreign Investment Review Board: It’s economically naive to cut China out of direct investment

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 90%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

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?

”, the government saw its Future Made in Australia evangelism going hand-in-hand with a more security-minded approach to managing foreign investment.

Taxpayer dollars will be used to support local projects aimed at bolstering supply chain resilience, while Treasury will administer a foreign investment regime that more closely scrutinises “risky” proposals.read this as “Chinese investment” proposals. The treasurer himself insisted the regime would remain “non-discriminatory” and so did not expect any blowback, such as reduced Chinese investor interest or policy retaliation by Beijing.

Some friendly countries often appear more intent on the ‘on-shoring’ of supply chains rather than ‘friend-shoring’ with Australia. Last year, Australia’s first facility capable of transforming spodumene into battery-grade lithium hydroxide began selling to international customers, including inof these exports is forecast to reach $478 million, and by 2029, Australian supply will jump to 15 per cent of global lithium hydroxide production.

And a more fundamental problem is that “less risky” foreign investors might simply not be up to the Chinese standard.Establishing and sustaining a globally competitive industry demands the world’s best technology.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

China snubs Australia as foreign investment plummetsChinese investment in Australia has shrivelled 36 per cent in a single year, according to a new report from KPMG and The University of Sydney.
La source: SkyNewsAust - 🏆 7. / 78 Lire la suite »

Budget 2024: Jim Chalmers’ plan to unlock foreign investmentWhile some investors will get a fast track, extra safeguards will be set up for high-risk proposals, like China entities investing in critical infrastructure.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »

Australia news live: national cabinet to discuss domestic violence; Chalmers to reveal new foreign investment rulesFollow live
La source: GuardianAus - 🏆 1. / 98 Lire la suite »

Labor to fast-track foreign investment to help fund future industrial policyTreasurer Jim Chalmers will set a target of 30 days to clear cases as he seeks money for build-to-rent and energy transition
La source: GuardianAus - 🏆 1. / 98 Lire la suite »

Treasurer Jim Chalmers speaks on foreign investment reformSarah Ferguson presents Australia's premier daily current affairs program, delivering agenda-setting public affairs journalism and interviews that hold the powerful to account. Plus political analysis from Laura Tingle.
La source: abc730 - 🏆 14. / 63 Lire la suite »

Treasurer alludes to major foreign investment reform, iron ore to affect budget surplusTreasurer Jim Chalmers indicates tax incentives targeted at certain industries will feature in the May budget, plus an imminent overhaul of foreign investment laws, while flagging the iron ore price could negatively influence a possible surplus.
La source: abcnews - 🏆 5. / 83 Lire la suite »