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

3 weeks ago 51

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.

After all, wasn’t Australia among the Chinese company’s top markets in the Asia-Pacific, on a par with Japan with a total demand heading towards 6 gigawatts a year?

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