“The Australian economy must diversify to avoid shocks from China“Reuters quotes in excerpts from a speech that the country’s Treasury Secretary Josh Frydenberg is likely to deliver at a leadership forum at the Australian National University.
Additional comments
“It is no secret that China has recently tried to attack Australia’s economy“,
“They have addressed our agricultural and resource sector, with measures affecting a variety of products, including wine, shellfish, barley and charcoal “,
“We must ask the country’s companies to strengthen their economic resilience focusing on other export destinations besides China to “endure whatever shock we may face.”
“The world in which we operate has fundamentally changed. We are facing increased strategic competition. This will make our security and economic interests increasingly overlap.”
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