Interesting update from Scott Morrison about targeting 6 key areas with funding to assist with stimulating the economy.
They all have one thing in common too - being less reliant on China.
I wonder if this be of any benefit for FYI?
The Morrison government has settled on six priority areas it believes represent the future of Australian manufacturing and will spend an initial $1.5 billion encouraging their development as part its post-recession plans.
In the latest pre-budget policy announcement, Scott Morrison will on Thursday anoint resources and critical minerals, food and beverages, medical products, recycling and clean energy, defence and space as the manufacturing sectors he wants firmly established within a decade.
The Prime Minister defends the strategy of picking winners, saying Australia had a comparative or competitive advantage in each of the chosen sectors.
