Businesses ‘Waking Up to the Fact’ They Must Diversify From China: Australian Treasurer

Businesses ‘Waking Up to the Fact’ They Must Diversify From China: Australian Treasurer
Australian Treasurer Josh Frydenberg speaks to the media during a visit to Narrabundah Cottage Childcare Centre in Canberra, Australia, on May 2, 2021. AAP Image/Lukas Coch
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Australian Federal Treasurer Josh Frydenberg says that businesses within the country are keenly aware of the need to diversify trade away from China amid increasing strategic competition with the Chinese Communist Party (CCP).

Frydenberg’s comments follow a speech he delivered last week, calling on Australian businesses to adopt a “China-plus” strategy, which would build on the strengths of existing trade links with China, and to engage other nations economically.

Daniel Y. Teng
Daniel Y. Teng
Editor
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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