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

”, 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.

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