Research by the McKell Institute warns that thousands of manufacturing jobs in Australia are at risk, particularly in regional areas
The report claims that China’s “aggressive” industrial subsidisation, now likely exceeding its defence spending, risks shuttering some 73,000 jobs in Australian regions reliant on refining and smelting metals.
“In the short-term, China’s geoeconomic strategy is designed to onshore as much global heavy industrial capacity as possible”, McKell Institute chief executive Ed Cavanough said.
