Labor’s interventionist industry policy aims big. But how can Australia compete with the US and China?

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 98%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The Albanese government has shed little light on how billions of dollars will be divvied up. The treasurer’s ‘favourite economist’ might provide some clues

Edison Zhou, the head of local sales for solar giant Trina, was slightly taken aback when asked at a recent briefing in Sydney whether his firm might shift any of its panel manufacturing to Australia.

The size of the programs is gaining heft – including a $15bn National Reconstruction Fund, $4bn for critical minerals and $2bn for green hydrogen – with more likely in next month’s federal budget. We also ignore economics when it comes to, say, building nuclear submarines in Australia. National security concerns about China presumably trump market concerns.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines